BMO Capital lowered the firm’s price target on Progressive (PGR) to $253 from $256 and keeps a Market Perform rating on the shares. For the second straight month, the company’s premium per policy pricing surprised to the upside by over two percentage points and is running modestly positive quarter-to-date, the analyst tells investors in a research note. The real-time Auto rate filings point to continued low-single-digit pricing declines persisting into December however, the firm added.
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