BofA analyst Joshua Shanker lowered the firm’s price target on Progressive to $309 from $312 and keeps a Buy rating on the shares. The firm notes Progressive’s August 2024 result exceeded its forecast of $1.06. The company also net added 402k personal auto policies, growing its footprint by 1.8% in a single month with the company effectively having grown just shy of 2% each month for six months in a row.
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