Raymond James lowered the firm’s price target on Progressive (PGR) to $265 from $305 and keeps an Outperform rating on the shares. Progressive should sustain a better-than-target combined ratio for the next 24 months, which should position the company with an industry-leading annual ROBE profile through 2027, the analyst tells investors in a research note.
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Read More on PGR:
- Progressive price target lowered to $247 from $252 at BMO Capital
- Progressive price target raised to $351 from $350 at BofA
- Progressive price target lowered to $246 from $266 at Wells Fargo
- Progressive price target lowered to $301.38 from $312 at Citi
- Progressive price target lowered to $262 from $270 at Keefe Bruyette