Keefe Bruyette raised the firm’s price target on Progressive (PGR) to $300 from $294 and keeps an Outperform rating on the shares. Progressive’s policies in force growth rate should remain ahead of almost all competitors, the analyst tells investors in a research note.
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Read More on PGR:
- Strong Financial Performance and Growth Prospects Drive Buy Rating for Progressive
- Progressive reports February EPS $1.58 vs. $1.24 last year
- Progressive price target raised to $285 from $264 at Barclays
- Progressive Appoints Carl Joyce as New VP and CAO
- Progressive’s Strong Long-Term Outlook Amid Short-Term Challenges: A Buy Recommendation by Bob Huang