BMO Capital analyst Michael Zaremski raised the firm’s price target on Progressive (PGR) to $288 from $282 and keeps an Outperform rating on the shares after its Q1 results. The company’s pricing power is fading, but the firm believes that Progressive can continue to drive better-than-expected growth supported by efficient and growing ad spend, the analyst tells investors in a research note.
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Read More on PGR:
- Progressive price target raised to $324 from $320 at Wells Fargo
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