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Fly News Breaks for January 21, 2020
Jan 21, 2020 | 05:27 EDT
Citi analyst Suneet Kamath initiated coverage of Progressive with a Buy rating and $85 price target. The analyst initiated coverage on 11 U.S. Property and Casualty insurers with a neutral sector view. Despite a strong franchise and growth prospects, Progressive trades at a notable discount to its average relative price-to-earnings, says Kamath.
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