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Fly News Breaks for August 4, 2015
ALL
Aug 4, 2015 | 05:27 EDT
Goldman Sachs analyst Michael Nannizzi downgraded Allstate to Neutral from Conviction Buy following the company's Q2 results and cut his price target for shares to $67 from $79. Trends deteriorated again in Q2, and adverse frequency could hurt Allstate's underlying profitability through 2017, Nannizzi tells investors.
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