BofA raised the firm’s price target on Progressive (PGR) to $316 from $312 and keeps a Buy rating on the shares. The firm’s revised price target s based around its 2027 EPS forecast recast at a 92% combined ratio-normalized earnings of $16.81 per share, up slightly from $16.72 previously, applied to the 2026 market multiple, the analyst tells investors.
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Read More on PGR:
- Progressive price target raised to $320 from $310 at Morgan Stanley
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