Evercore ISI Lowers PT on Progressive Corporation (PGR), Keeps a Hold Rating

The Progressive Corporation (NYSE:PGR) is one of the Best and Cheap Stocks to Buy Right Now. On October 1, David Motemaden from Evercore ISI lowered the firm’s price target on The Progressive Corporation (NYSE:PGR) from $275 to $273, while keeping a Hold rating on the stock.

The analyst noted that they updated the price targets for multiple international Insurance Property & Casualty companies under their coverage. He expects the company to deliver solid Q3 results, despite the stock showing mixed performance recently. He also noted that the insurance sector has been underperforming the greater S&P equal-weight index.

The Progressive Corporation (NYSE:PGR) posted mixed results in Q2 2025. The company topped EPS estimates by $0.47; however, the revenue of $20.08 billion grew 12.15% year-over-year but fell short of expectations by $257.13 million.

The Progressive Corporation (NYSE:PGR) is an insurance holding company with personal and commercial insurance businesses.

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Disclosure: None. This article is originally published at Insider Monkey.