Wells Fargo lowered the firm’s price target on Progressive (PGR) to $240 from $242 and keeps an Equal Weight rating on the shares. Into quarterly results for the insurance space, the firm says the focus should be on pricing, loss trend, and reserves for P&C companies, organic and margin for brokers, and sales/capital/guidance for life companies.
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Read More on PGR:
- Progressive upgraded to Overweight from Equal Weight at Barclays
- Progressive price target lowered to $227 from $247 at Goldman Sachs
- Progressive price target lowered to $237 from $250 at Evercore ISI
- Progressive price target lowered to $275 from $303 at JPMorgan
- Progressive price target raised to $252 from $250 at Keefe Bruyette