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Fly News Breaks for January 25, 2018
PGR
Jan 25, 2018 | 08:15 EDT
Janney Capital analyst Robert Glasspiegel recognizes that investors have concerns about the personal auto space, but he was still surprised by the severity of the negative reaction in Progressive shares yesterday as he views the December results favorably. The analyst, who said he remains confident that Progressive will continue to deliver superior growth and profitability, keeps a Buy rating on the stock, which fell 3% yesterday to close at $55.33.