Keefe Bruyette raised the firm’s price target on Progressive to $255 from $245 and keeps an Outperform rating on the shares. The analyst says Progressive’s “very rapid” year-over-year personal auto core loss ratio improvement and its “now-normalizing” expense ratios point to accelerating policies in force growth that should boost shares in the coming months.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PGR: