Keefe Bruyette lowered the firm’s price target on Progressive (PGR) to $227 from $232 and keeps a Market Perform rating on the shares. Progressive’s personal auto PIF growth is likely to slow in coming months amid intensifying rate competition, the analyst tells investors in a research note.
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Read More on PGR:
- Progressive Releases February 2026 Financial Performance Update
- Morgan Stanley ‘incrementally positive’ on Progressive after February report
- Progressive Corporation: Strong Near-Term Underwriting Tailwinds but Unsustainable Margins Support Hold Rating
- Progressive reports February EPS $1.61 vs. $1.58 last year
- Progressive price target lowered to $208 from $232 at BMO Capital