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Fly News Breaks for May 20, 2016
ALL
May 20, 2016 | 08:50 EDT
After Allstate announced April pre-tax catastrophe losses of $633M, which was above Janney Capital's estimate, analyst Robert Glasspiegel lowered his Q2 EPS estimate to 42c from 73c and his FY16 EPS estimate to $3.93 from $4.25. However, he maintains his 2017 EPS estimate of $6.00 and keeps a Buy rating on Allstate shares.