Barclays analyst Alex Scott raised the firm’s price target on Progressive (PGR) to $297 from $285 and keeps an Equal Weight rating on the shares as part of a Q1 earnings preview for the insurance group. With life earnings facing challenges Barclays favors group benefits, excess capital, and “cheap” cash flows, the analyst tells investors in a research note. The firm says the sector is “navigating uncertainty.”
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Read More on PGR:
- Progressive price target lowered to $310 from $317 at Morgan Stanley
- Progressive price target raised to $320 from $317 at Wells Fargo
- Progressive price target lowered to $288 from $300 at Keefe Bruyette
- Progressive price target raised to $287 from $267 at JPMorgan
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