Progressive price target lowered to $346 from $351 at BofA

BofA lowered the firm’s price target on Progressive (PGR) to $346 from $351 and keeps a Buy rating on the shares. Progressive added a “healthy” net 273,000 personal auto customers in October vs. 150,000 in September, a steep increase in net growth after the pace declined for six consecutive months, the analyst tells investors in a research note. October 2025 delivered the third-strongest monthly net policy growth of the year, countering the bearish narrative that has weighed on Progressive shares since April, the firm says.