Morgan Stanley raises PT on Progressive

Coherent

16/09/2024 18:37

** Brokerage Morgan Stanley raises PT on auto insurer
Progressive Corp  PGR.N  to $300 from $260 
    ** Brokerage says Progressive is seeing strong premium
growth driven by active policy
    ** Small handful of peers are in a position to challenge
Progressive's active policy growth - Morgan Stanley
    ** 16 of 23 brokerages rate the stock "buy" or "higher", 7
"hold"; their median PT is $267.5 - LSEG
    ** Including session's moves, stock up about 62% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.Srivastava2@thomsonreuters.com))