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Fly News Breaks for September 15, 2016
PGR
Sep 15, 2016 | 19:23 EDT
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.
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