BofA analyst Joshua Shanker raised the firm’s price target on Progressive (PGR) to $350 from $343 and keeps a Buy rating on the shares. Despite the fact that Progressive has seen consensus EPS revisions rise faster than any large-cap U.S.-listed stock over the past two years, consensus continues to underestimate the company’s earnings power, argues BofA, which notes that it is taking up its “already high-on-the-Street EPS forecasts” for the last four months of 2025 and FY26.
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