Progressive Reports March 2024 Results

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CFRA Upgrades Progressive Corp. (PGR) to Buy, 'we view the shares as undervalued'

April 15, 2024 4:08 PM EDT

CFRA analyst Catherine Seifert upgraded Progressive Corp. (NYSE: PGR) from Hold to Buy with a price target of $235.00 (from $215.00).

The analyst comments "

We lift our 12-month target by $20 to $235, valuing shares at 19.0x our 2025 operating EPS estimate of $12.40 (up by $2.10) and at... More

Progressive Corp. (PGR) PT Raised to $245 at Jefferies

April 12, 2024 1:22 PM EDT

Jefferies analyst Yaron Kinar raised the price target on Progressive Corp. (NYSE: PGR) to $245.00 (from $241.00) while maintaining a Buy rating.

The analyst comments "We increase our '24E/'25E/'26E by 10%/4%/4%, to $12.40/$12.60/$13.40. We are 20%/11%/9% above Street for those years,... More