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Fly News Breaks for April 8, 2019
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Apr 8, 2019 | 08:03 EDT
As previously reported, Credit Suisse analyst Michael Zaremski downgraded Allstate to Neutral from Outperform, with a $93 price target, as he believes auto insurance pricing is unlikely to keep up with claims inflation in 2019. The analyst also lowered his EPS estimates at a 3% run-rate due to a combination of increasing his underlying personal auto loss ratio 30bp, increasing his Q1 underlying home loss ratio 20bp, and lowering his NII estimate in the annuities segment.
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