Morgan Stanley raised the firm’s price target on Progressive (PGR) to $267 from $265 and keeps an Equal Weight rating on the shares. The firm increased its 2025, 2026 and 2027 EPS estimates by 2.3%, 1.1% and 2.6%, respectively, based on July results.
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Read More on PGR:
- Progressive price target lowered to $279 from $281 at BMO Capital
- Progressive price target lowered to $290 from $315 at Roth Capital
- Progressive price target lowered to $327 from $330 at Wells Fargo
- Progressive price target raised to $344 from $339 at BofA
- Progressive’s Strong Financial Performance and Underwriting Results Justify Buy Rating Despite Short-Term Growth Challenges