As previously reported, Raymond James upgraded Progressive (PGR) to Outperform from Market Perform with a $305 price target in conjunction with the firm’s 2025 playbook and outlook note for the insurance group. The company’s long-term record of growth and value creation “makes it a core holding for large cap growth investors,” according to the analyst, who believes the near-term outlook includes “industry leading” policy-in-force growth and better-than-target combined ratios. The firm cites Progressive’s outlook for double-digit topline growth, market share gains and high ROEs.
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Read More on PGR:
- Progressive upgraded to Outperform from Market Perform at Raymond James
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