BofA lowered the firm’s price target on Progressive (PGR) to $305 from $308 and keeps a Buy rating on the shares following February EPS of $1.61, a beat against the firm’s estimate of $1.45. The firm’s price target is lowered due broad market multiple contraction, the analyst noted.
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Read More on PGR:
- Progressive price target lowered to $227 from $232 at Keefe Bruyette
- 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