Jefferies raised the firm’s price target on Progressive (PGR) to $167 from $163 and keeps a Buy rating on the shares. In its Q3 earnings preview for the P&C Insurance/Insurtech group, the firm said it sees “upwards bias” to catastrophe-exposed names. In Personal, the firm expects year-over-year underlying underwriting improvement for Progressive and Allstate (ALL) along with rate momentum, the analyst tells investors.
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Read More on PGR:
- Progressive price target lowered to $199 from $203 at BofA
- Progressive price target raised to $149 from $146 at JPMorgan
- Progressive price target raised to $120 from $106 at Citi
- Progressive reports August EPS 25c vs 20c last year
- Progressive Reports August 2023 Results
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