Raymond James lowered the firm’s price target on Progressive (PGR) to $265 from $305 and keeps an Outperform rating on the shares. Progressive should sustain a better-than-target combined ratio for the next 24 months, which should position the company with an industry-leading annual ROBE profile through 2027, the analyst tells investors in a research note.
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Read More on PGR:
- Progressive price target lowered to $247 from $252 at BMO Capital
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- Progressive price target lowered to $246 from $266 at Wells Fargo
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