Allstate (NYSE:ALL) was downgraded at FBR to market perform from outperform with a price target of $40, as the firm believes that the stock price already freflects lower catastrophe losses.
Shares are higher by about 1.25 percent.
Boston Beer (NYSE:SAM) was downgraded by UBS (NYSE:UBS) from neutral to sell with a price target of $96 due to stalls in product distribution, as well as a downside risk to earnings estimates.
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