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Fly News Breaks for June 5, 2015
PGR
Jun 5, 2015 | 08:21 EDT
After analyzing data from filings made with state insurance regulators, Bernstein says that Progressive is clearly becoming more competitive on price versus its competitors and compared with recent periods. The firm says that the company's Agency channel and Snapshot 3.0 business appear to be growing. It thinks the stock is cheap at current levels and recommends that investors build long-term positions in the name.
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