JPMorgan analyst Jimmy Bhullar raised the firm’s price target on Progressive (PGR) to $287 from $267 and keeps an Overweight rating on the shares as part of a Q1 preview for the property and casualty sector. The outlook for the P&C sector is positive given ongoing firm pricing, a defensive risk profile, and attractive valuation levels, the analyst tells investors in a research note
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Read More on PGR:
- Progressive’s Strong Underwriting Profitability and Strategic Rate Management Bolster Buy Rating
- Booking Holdings upgraded, Nordstrom downgraded: Wall Street’s top analyst calls
- Progressive downgraded to Neutral at BofA on valuation
- Progressive downgraded to Neutral from Buy at BofA
- Progressive price target lowered to $300 from $318 at BofA