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

Rating:
Hold ALL

Allstate Corporation (the) (ALL) downgraded to Hold by Argus

Posted on: Friday,  Oct 29, 2010  8:25 AM ET by Argus

Argus rated Hold Allstate Corporation (NYSE: ALL) on 10/29/2010. Previously Argus rated Buy Allstate Corporation
(NYSE: ALL) on 09/18/2009., when the stock price was $30.70. Since then, Allstate Corporation has lost 2.18% of its value until Argus rated ALL Buy on 10/29/2010, when the price was $30.03. .

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.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/7/2012 9:25 AM Buy
None
38.79 46.00
as of 12/31/2010
1 Week   
1 Month   
3 Months down  -4.81 %
1 YTD down  -0.03 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/5/2012 8:25 AM Buy
None
31.35 36.00
10/29/2010 8:25 AM Hold
None
30.03
9/18/2009 8:25 AM Buy
None
30.70 36.00

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