Citi lowered the firm’s price target on Progressive (PGR) to $301.38 from $312 and keeps a Buy rating on the shares. The firm reduced growth assumptions for Progressive.
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Read More on PGR:
- Progressive price target lowered to $262 from $270 at Keefe Bruyette
- Progressive’s Strong Performance and Future Momentum Despite Near-Term Challenges
- Morning Movers: BofA, Morgan Stanley jump following Q3 results
- Progressive reports Q3 EPS $4.45, consensus $5.05
- Progressive reports September EPS 52c vs. 99c last year