Morgan Stanley removed Progressive from Top Pick while keeping an Overweight rating and $260 price target on the shares. The Q2 earnings call and July quarter results demonstrated that the catalysts are playing out as expected and a strong underwriting trend and durable path to growth should support long-term share price performance, the analyst tells investors in a research note.
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Read More on PGR:
- Progressive price target raised to $281 from $262 at Wells Fargo
- Progressive price target lowered to $294 from $296 at BofA
- Progressive upgraded to Buy from Neutral at Goldman Sachs
- Progressive price target raised to $255 from $245 at Keefe Bruyette
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