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Wednesday, July 21, 2004

Allstate stock a good buy

NEW YORK, July 21 (New Ratings) - Analyst Jay H Gelb of Prudential Financial maintains his "overweight" rating on Allstate (ALL.NYS), while raising his estimates for the company. The target price is set to $60.Shares of Allstate, the second-largest home and auto insurance company in the US, are currently trading at $46.64.

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