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Fly News Breaks for September 20, 2017
PGR
Sep 20, 2017 | 06:12 EDT
Credit Suisse analyst Ryan Tunis upgraded Progressive to Neutral and price target to $48 from $42 following the announcement of much lower than expected Harvey losses of approximately $230M versus his estimate of $550M.
News For PGR From the Last 2 Days
PGR
Apr 15, 2024 | 06:22 EDT
Wells Fargo raised the firm's price target on Progressive to $244 from $238 and keeps an Overweight rating on the shares. The firm expected Progressive to trade up more on the strong PIF and margins, but shares should go higher as estimates are revised up. Further, April is another seasonally strong PIF month, so strong growth should continue, Wells said in a research note on Friday.
