BMO Capital Reiterates Outperform Rating on Progressive Corp. (PGR)

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Go back to BMO Capital Reiterates Outperform Rating on Progressive Corp. (PGR)

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