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Enter Symbol:
 
Allstate Corporation (the) (ALL) [hlAlert]

Rating:
Mkt Perform
ALL
down 34.20 %

Allstate Corporation (ALL) downgraded to Mkt Perform by Bernstein

Posted on: Tuesday,  Jan 6, 2009  8:25 AM ET by Bernstein

Bernstein rated Mkt Perform Allstate Corporation (NYSE: ALL) on 01/06/2009. Previously Bernstein rated Outperform Allstate Corporation (NYSE: ALL) on
03/27/2008., when the stock price was $48.07. Since then, Allstate Corporation has lost 34.20% as of 01/06/2009's recent price of $31.63.
If you would have followed the previous Bernstein's recommendation on ALL, you would have lost 34.2% of your investment in 285 days.

The Allstate Corporation serves as the holding company for Allstate Insurance Company. The Company?s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and their affiliates (collectively, including The Allstate Corporation, Allstate). Allstate is primarily engaged in the personal property and casualty insurance business and the life insurance, retirement and investment products business. It conducts its business primarily in the United States. Customers can access Allstate products and services, such as auto insurance and homeowners insurance through more than 14,000 exclusive Allstate agencies and financial representatives in the United States and Canada. operates in four business segments: Allstate Protection, Allstate Financial, Discontinued Lines and Coverages and Corporate and Other.

A central advantage for Bernstein clients is the ability to harness our highly regarded expertise in investment research and management. Originally known as a value investor, Bernstein has long been known for seeking out stocks with temporarily depressed prices due to unwarranted short-term pessimism about a company’s ability to recover from its current problems. This philosophy is embodied in our flagship Strategic Value portfolio. But since value and growth stocks have alternated leadership—with no clear signal of when one style will give way to the other—we’ve developed a Strategic Growth portfolio that seeks out leading companies whose stock prices don’t fully reflect their companies’ potential for superior earnings growth.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/6/2009 8:25 AM Hold
None
31.63
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD down  -3.44 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/27/2008 8:25 AM Buy
None
48.07

(*) Stock Price at the time of the recommendation.
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