Progressive price target raised to $328 from $324 at Wells Fargo

Wells Fargo analyst Elyse Greenspan raised the firm’s price target on Progressive (PGR) to $328 from $324 and keeps an Overweight rating on the shares following the company’sQ1 call after filing its 10-Q. Biggest take was that while they recognize the uncertainty from tariffs, they are back to where they want to be in terms of small bites at the apple and will do their best to keep rates stable, Wells notes.