UPDATE: Deutsche Bank Downgrades Allstate on Valuation

In a report published Monday, Deutsche Bank analyst Joshua Shanker downgraded Allstate (NYSE: ALL ) from Buy to Hold, and lowered the price target from $58.00 to $57.00. In the report, Deutsche Bank noted, “Consensus estimates for run-rate earnings power at Allstate are now around $5+ per share accurately reflected Allstate's earnings