UBS Cuts Target on Progressive (PGR), Maintains Neutral Rating

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UBS analyst Brian Meredith lowered the price target for The Progressive Corporation (NYSE:PGR) from $226 to $218, while maintaining a Neutral rating. This decision follows mixed analyst sentiments, with Morgan Stanley reiterating a Sell rating and Roth Capital having previously lowered its target but keeping a Buy rating. Despite these adjustments, 41% of analysts recommend a Buy on PGR, noting a 1-year average upside of 14.63%.

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