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Fly News Breaks for October 16, 2015
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Oct 16, 2015 | 06:52 EDT
William Blair analyst Adam Klauber downgraded Allstate to Underperform saying expectations of a rebound are "overinflated." Earnings per share peaked in 2013 at close to $6.00, and hopes of regaining this level in the near term "appear misguided," Klauber tells investors in a research note. He recommends finding better alternatives in the insurance sector.