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Fly News Breaks for January 10, 2017
ALL
Jan 10, 2017 | 08:18 EDT
Goldman analyst Michael Nannizzi upgraded Allstate to Buy and raised its price target to $82 from $71. Nannizzi believes Allstate stands to benefit more than peers from potential tax reform and has increased confidence in its ability to generate margin expansion in 2017 as the bulk of its aggressive rate-taking actions become a tailwind for the next few quarters and offset continuously challenging auto trends.