Keefe Bruyette raised the firm’s price target on Progressive (PGR) to $232 from $225 and keeps a Market Perform rating on the shares. Shares are trading well below long-term averages, likely reflecting the slowly-emerging challenge that improving accident-avoidance technologies present to personal auto market’s long-term size, the analyst tells investors in a research note.
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Read More on PGR:
- Progressive Reports January 2026 Financial Performance Update
- Progressive reports January EPS $1.98 vs. $1.90 last year
- Neutral on Progressive: Rising Loss Ratios and Intensifying Competition Limit Upside Despite Above-Consensus EPS Forecasts
- Progressive price target lowered to $216 from $230 at Jefferies
- Progressive price target lowered to $329 from $334 at BofA