Why Progressive Stock Got Slammed on Thursday
From Nasdaq.: 2025-04-17 19:12:00
Progressive’s stock took a hit after an analyst downgrade, closing almost 4% lower despite positive earnings. Several analysts raised price targets, but Keefe, Bruyette & Woods’ Meyer Shields downgraded the stock to hold, citing concerns about slowing auto policy growth and increased claims. Despite this, Progressive’s management innovation makes it an attractive buy. The Motley Fool’s Stock Advisor team did not include Progressive in their top 10 stock picks, which historically have produced significant returns. The Motley Fool has positions in and recommends Progressive.
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