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PGR

Progressive

$53.18

0.73 (1.39%)

07:31
12/01/17
12/01
07:31
12/01/17
07:31

Progressive price target raised to $62 from $54 at UBS

UBS analyst Brian Meredith raised his price target on Progressive to $62 as the firm's survey shows the company is the best positioned insurance company to grow. He sees business accelerating in 2018 and sees it as the most leveraged to U.S. tax reform, which will provide additional upside if legislation is passed. Meredith reiterated his Buy rating on Progressive shares.

PGR Progressive
$53.18

0.73 (1.39%)

09/20/17
FBCO
09/20/17
UPGRADE
FBCO
Neutral
Progressive upgraded to Neutral from Underperform at Credit Suisse
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.
09/20/17
09/20/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Pfizer (PFE) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst David Risinger saying he believes investors underappreciate the global prospects for breast cancer drug Ibrance, which he expects to maintain its first-to-market advantage. 2. Progressive (PGR) upgraded to Neutral from Underperform at Credit Suisse with analyst Ryan Tunis citing the announcement of much lower than expected Harvey losses of approximately $230M versus his estimate of $550M. 3. American Airlines (AAL) and Southwest (LUV) were upgraded to Outperform from Market Perform at Raymond James. 4. Post Holdings (POST) upgraded to Outperform from Market Perform at BMO Capital with analyst Kenneth Zaslow saying he expects the company to be boosted by egg price increases. 5. Nordson (NDSN) upgraded to Buy from Neutral at Longbow with analyst Christopher Dankert saying ATS growth concerns are overblown and views valuation as attractive. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/25/17
MKMP
09/25/17
NO CHANGE
MKMP
Progressive outlook has improved, says MKM Partners
MKM Partners analyst Harry Fong says that "hurricane losses..do not represent a big risk to Progressive" because the company focuses on auto insurance. He notes that the company's " personal auto policy growth was up 9.6%," and he says that business is continuing to accelerate. Fong says that the company's overall revenue outlook is improving, indicating that its results will improve over the longer term despite losses from the recent storms. He keeps a Buy rating on the stock.
11/16/17
MKMP
11/16/17
NO CHANGE
Target $60
MKMP
Buy
Progressive price target raised to $60 from $55 at MKM Partners
MKM Partners analyst Harry Fong raised his price target on Progressive to $60 and kept his Buy rating following October earnings. Fong says the company continues to gain momentum as total personal auto policies-in-force - PIF - growth increased 11.5% this month over the prior year month. The analyst adds that the growth in PIF count has been steadily increasing all year as Progressive grows its homeowners line including the bundled auto/homeowners' insurance product.

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COP

ConocoPhillips

$51.68

-0.28 (-0.54%)

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SAFM

Sanderson Farms

$167.64

0.64 (0.38%)

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DB

Deutsche Bank

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T

AT&T

$38.04

-0.06 (-0.16%)

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BMY

Bristol-Myers

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0.19 (0.30%)

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Bristol-Myers granted exclusive license by Ono Pharma to develop ONO-4578 »

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WFC

Wells Fargo

$59.40

-0.93 (-1.54%)

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  • 15

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HBAN

Huntington Bancshares

$14.58

-0.23 (-1.55%)

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ASB

Associated Banc-Corp

$25.10

-0.2 (-0.79%)

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Breaking Hot Stocks news story on Associated Banc-Corp »

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UBS

UBS

$17.90

0.035 (0.20%)

18:05
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Periodicals
UBS Wealth Management president Zeltner close to stepping down, Bloomberg says »

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PFE

Pfizer

$36.64

0.06 (0.16%)

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Pfizer announces FDA approves IXIFI, a biosimilar to Remicade »

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  • 04

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CNP

CenterPoint Energy

$28.40

0.02 (0.07%)

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CenterPoint Energy raises quarterly dividend 4% to 27.75c per share »

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MDXG

MiMedx

$11.99

-0.26 (-2.12%)

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Recommendations
MiMedx analyst commentary at Piper Jaffray »

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  • 13

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CE

Celanese

$108.31

1.34 (1.25%)

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Celanese raises acetyl intermediates products prices »

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WAL

Western Alliance

$57.30

-1.25 (-2.13%)

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USB

U.S. Bancorp

$54.60

-0.9 (-1.62%)

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  • 17

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WBS

Webster Financial

$56.16

-0.73 (-1.28%)

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HSBC

HSBC

$51.44

0.89 (1.76%)

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WTR

Aqua America

$37.59

0.32 (0.86%)

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  • 17

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MSFT

Microsoft

$85.35

-0.23 (-0.27%)

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  • 18

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TCF

TCF Financial

$20.24

-0.16 (-0.78%)

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CMA

Comerica

$84.81

-1.06 (-1.23%)

17:34
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CMCM

Cheetah Mobile

$11.18

-0.02 (-0.18%)

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