HomeNewsProgressive price target raised to $192 from $175 at Citi – TipRanks...

Progressive price target raised to $192 from $175 at Citi – TipRanks Financial Blog

[ad_1]

Citi raised the firm’s price target on Progressive to $192 from $175 and keeps a Neutral rating on the shares. The company is outperforming following a strong earnings beat driven by better underlying margins in personal + commercial, as well as net reserve releases, the analyst tells investors in a research note. The personal lines expense ratio is the highest since March 2023, indicating positive growth appetite, the firm added.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on PGR:

[ad_2]

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments