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0.00270022883295196 0.00270022883295196 0.00270022883295196 0.00274599542334107 0.00498855835240276 0.0045766590389016 -0.00503432494279174 -0.00418764302059493
Stock impact report

Barclays Lowers PT on The Progressive Corporation (PGR), Keeps an Equal Weight [Yahoo! Finance]

Progressive Corporation (The) (PGR) 
Last progressive corporation (the) earnings: 4/15 08:35 am Check Earnings Report
US:NYSE Investor Relations: investors.progressive.com
Company Research Source: Yahoo! Finance
Now . On October 20, Alex Scott from Barclays lowered the firm's price target on The Progressive Corporation (NYSE:PGR) from $271 to $257, while keeping an Equal Weight rating on the stock. The firm noted updating its model for the company post its Q3 earnings. ?On the same day, Morgan Stanley analyst Bob Huang downgraded The Progressive Corporation (NYSE:PGR) from Equal Weight to Underweight, while also reducing the price target from $265 to $214. ?The analyst noted that they find the company's bull case viable when excluding Florida. He believes that the company is entering into a softer pricing cycle, which is expected to compress its valuation multiple. As a result, Haung believes that the cyclical nature of the business might result in earnings decline in 2026 and 2027. ?The Progressive Corporation (NYSE:PGR) is an insurance holding company with personal and commercial insurance businesses. While we acknowledge the potential of PGR as an investment, we believe certain AI Show less Read more
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