Fly News Breaks for January 13, 2020
Jan 13, 2020 | 06:08 EDT
Raymond James analyst Gregory Peters downgraded Progressive to Outperform from Strong Buy with a price target of $85, down from $93. The analyst believes the lack of pricing power in personal auto insurance and trending loss cost inflation could continue to impact the company's underlying loss ratio and result in "only modest" earnings growth over the intermediate term.
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