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Allstate Stock Slides as Argus Cuts Rating to Hold on Valuation

Allstate logoAllstate
Sig1.55Sen-1.85Env0.00Soc0.00Gov0.00

A market report highlighted an Argus downgrade of Allstate shares from Buy to Hold after the stock surpassed its $238 price target and traded around $257.62. The move reflects concerns that the insurer is fully valued, even though Q2 2026 results beat expectations and guidance supported the earnings story. Shares slipped about 1.6% in pre-open trading.

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