The Allstate Corporation (NYSE:ALL) is among the 13 Safest Stocks to Invest in Now, backed by hedge fund interest and high return on equity. Evercore ISI downgraded ALL from Outperform to In Line with a $233 price target, citing limited EPS growth and overearning in vehicle insurance. Despite being cheap compared to historical values, Evercore warns of weaker earnings growth estimates for ALL. The company recently reported August catastrophe losses of $213 million. ALL offers personal lines, commercial, residential, and car insurance products in the US and Canada. While ALL is considered a safe investment, some believe other AI stocks offer greater potential.

Read more at Yahoo Finance: Evercore ISI Downgrades The Allstate Corporation (ALL) from Outperform to In Line