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PGR

Progressive

$32.48

0.81 (2.56%)

05:54
10/14/16
10/14
05:54
10/14/16
05:54

Progressive upgraded to Neutral from Sell at Citi

Citi analyst James Naklicki upgraded Progressive to Neutral citing the pullback in shares and his belief that 2016 earnings expectations are now at realistic levels. The analyst raised his price target for the stock to $34 from $30.

PGR Progressive
$32.48

0.81 (2.56%)

06/02/16
06/02/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Exxon Mobil (XOM) downgraded to Neutral from Buy at BofA/Merrill with analysts led by Doug Leggate saying Exxon's strong relative performance discount's long-term oil at around $73/bbl and said shares appear to be fairly valued. 2. Intuitive Surgical (ISRG) downgraded to Neutral from Buy at Goldman with analyst David Roman saying the risk/reward looks balanced at current share levels. Roman lowered his price target for the stock to $674 from $690. 3. DeVry (DV) downgraded to Neutral from Outperform at Credit Suisse with analyst Trace Urdan saying he no longer feels confident in his investment thesis following the resignation of CFO Tim Wiggins. 4. Franklin Resources (BEN) downgraded to Sell from Neutral at UBS with analyst Brennan Hawken arguing the company is the most exposed to the Department of Labor's fiduciary rule of the names he covers given its reliance on the broker sold channel coupled with weak investment performance. He cut his price target for the shares to $28 from $39. 5. Progressive (PGR) downgraded to Sell from Neutral at Citi with analyst James Naklicki saying consensus margin and earnings expectations are too optimistic. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/08/16
MKMP
08/08/16
NO CHANGE
MKMP
Progressive personal auto seems to be "breaking out," says MKM Partners
MKM Partners analyst Harry Fong says that Progressive's personal auto business "appears to be breaking out," as the company reported that the growth in the number of net premium it wrote accelerated to nearly 12% last quarter. The analyst says he's not concerned by the possibility of the company's combined ratio exceeding 96%, as such an increase would be in-line with its longstanding strategy. He keeps a $40 price target and Buy rating on the shares.
09/07/16
FBCO
09/07/16
NO CHANGE
FBCO
Progressive, U.S. Silica and Zoetis added to US Focus List at Credit Suisse
Credit Suisse added Progressive (PGR), U.S. Silica (SLCA) and Zoetis (ZTS) to the US Focus List and removed Allison Transmission (ALSN) from the US Focus List and Sealed Air (SEE) from the US Focus List and Global Focus List
09/15/16
KBWI
09/15/16
UPGRADE
Target $31
KBWI
Market Perform
Progressive upgraded to Market Perform from Underperform at Keefe Bruyette
Keefe Bruyette analyst Meyer Shields upgraded Progressive to Market Perform and raised its price target to $31 from $29. The analyst believes most of the catalysts that led to increased 2016 loss ratios year-over-year have played out and rising rates and seasonality should benefit the company.

TODAY'S FREE FLY STORIES

MTSI

MACOM

$53.84

-0.17 (-0.31%)

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MACOM reports Q2 adjusted EPS 63c, consensus 61c »

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UCFC

United Community Financial

$8.70

0.01 (0.12%)

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United Community Financial reports Q1 adjusted EPS 9.9c, consensus 11c »

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MCRI

Monarch Casino

$29.25

-0.17 (-0.58%)

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Monarch Casino reports Q1 diluted EPS 27c, consensus 28c »

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FISI

Financial Institutions

$34.45

-0.15 (-0.43%)

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Earnings
Financial Institutions reports Q1 EPS 52c, consensus 51c »

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WYNN

Wynn Resorts

$118.22

2.65 (2.29%)

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Wynn Resorts reports Q1 Macau revenues down 3.5% to $587M »

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NUVA

NuVasive

$76.94

0.59 (0.77%)

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NuVasive sees FY17 non-GAAP EPS $2.00, consensus $2.02 »

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PNRA

Panera Bread

$313.72

-0.35 (-0.11%)

16:12
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Earnings
Panera Bread reports Q1 EPS $1.83, consensus $1.84 »

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  • 26

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SD

SandRidge Energy

$18.80

0.28 (1.51%)

16:12
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Initiation
SandRidge Energy initiated  »

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  • 11

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CMG

Chipotle

$471.33

2.539 (0.54%)

16:12
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Chipotle backs FY17 SSS view of up in high-single digits »

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ILMN

Illumina

$181.50

1.3 (0.72%)

16:11
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Earnings
Illumina sees Q2 adjusted EPS 65c-70c, consensus 87c »

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  • 25

    Apr

GPRO

GoPro

$9.18

0.17 (1.89%)

16:11
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GoPro says Susan Lyne joins board of directors »

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  • 27

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CENX

Century Aluminum

$13.62

0.99 (7.84%)

16:11
04/25/17
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Earnings
Century Aluminum reports Q1 EPS (5c), consensus (17c) »

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  • 25

    Apr

NUVA

NuVasive

$76.94

0.59 (0.77%)

16:11
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Earnings
NuVasive reports Q1 non-GAAP EPS 38c, consensus 38c »

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  • 25

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CMG

Chipotle

$471.15

2.36 (0.50%)

16:11
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Chipotle reports Q1 EPS $1.60, consensus $1.27 »

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  • 25

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ILMN

Illumina

$181.50

1.3 (0.72%)

16:11
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Earnings
Illumina sees FY17 adjusted EPS $3.60-$3.70, consensus $3.64 »

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  • 25

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DDR

DDR Corp.

$12.40

0.185 (1.52%)

16:11
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DDR Corp. reports Q1 EPS (16c), may not compare to consensus 1c »

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  • 26

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ALGT

Allegiant Travel

$163.85

-1.2 (-0.73%)

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Allegiant sees Q2 TRASM increasing 1.5%-3.5% vs. Q2 last year »

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SFLY

Shutterfly

$51.46

0.18 (0.35%)

16:10
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Shutterfly sees 2017 EPS 45c-80c, consensus 59c »

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WYNN

Wynn Resorts

$118.22

2.65 (2.29%)

16:10
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Earnings
Wynn Resorts reports Q1 EPS $1.24, consensus 96c »

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  • 25

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PRGO

Perrigo

$67.80

0.745 (1.11%)

16:10
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Perrigo concludes some previous financial statements should not be relied upon »

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SFLY

Shutterfly

$51.46

0.18 (0.35%)

16:10
04/25/17
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16:10
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16:10
Earnings
Shutterfly sees Q2 EPS (55c)-(50c), consensus (49c) »

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  • 25

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RNG

RingCentral

$30.68

0.475 (1.57%)

16:10
04/25/17
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RingCentral CFO Clyde Hosein to leave company at end of May 2017 »

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  • 25

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ILMN

Illumina

$181.50

1.3 (0.72%)

16:10
04/25/17
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Earnings
Illumina reports Q1 adjusted EPS 64c, consensus 64c »

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  • 25

    Apr

SFLY

Shutterfly

$51.46

0.18 (0.35%)

16:09
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04/25
16:09
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Earnings
Shutterfly reports Q1 EPS (98c), consensus (99c) »

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  • 25

    Apr

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    May

EQGP

EQT GP

$27.22

-0.34 (-1.23%)

16:09
04/25/17
04/25
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16:09
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EQT GP raises quarterly distribution to 19.1c per unit »

EQT GP Holdings declared…

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  • 27

    May

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