Progressive price target lowered to $145 from $150 at Raymond James

Raymond James lowered the firm’s price target on Progressive to $145 from $150 and keeps an Outperform rating on the shares. The firm expects Progressive to report ROBEs above the peer average with potential market share gains through 2024, though its recent results could suggest there might be one more shoe to drop related to severities for the personal auto industry, the analyst tells investors in a research note.