UBS maintains a 'Neutral' on Progressive Corp. (PGR); Cautious Heading Into Investor Day

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UBS maintains a 'Neutral' on Progressive Corp. (NYSE: PGR) price target of $44.00.

Analyst, Steven Eliscu is cautious going into Investor Day. The Investor Relations Meeting is scheduled for June 14, 2012 at 9am EST.

Apparently, UBS isn't the only firm being cautious...yesterday, Evercore Partners downgrades Progressive from Equalweight to Underweight and cut it's price target by $1 to $21.

For an analyst ratings summary and ratings history on Progressive Corp. click here. For more ratings news on Progressive Corp. click here.

Shares of Progressive Corp. closed at $21.38 yesterday, with a 52 week range of $16.88-$23.41.

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