Morgan Stanley lowered the firm’s price target on Progressive (PGR) to $275 from $280 and keeps an Equal Weight rating on the shares. The firm slightly increased its 2025, 2026 and 2027 EPS forecasts after June results, but slightly lowers its price target due to softening insurance cycle and market conditions, intensifying auto competition, and near-term growth headwinds.
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Read More on PGR:
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