These Analysts Increase Their Forecasts On Progressive Following July Results

The Progressive Corporation PGR reported financial results for the month of July on Wednesday.

Progressive reported July earnings of $1.38 per share and net premiums written of $6.378 billion.

Progressive shares gained 5.4% to close at $234.34 on Wednesday.

These analysts made changes to their price targets on Progressive following earnings announcement.

• Goldman Sachs analyst Alex Scott upgraded Progressive from Neutral to Buy and raised the price target from $230 to $262.
• Piper Sandler analyst Paul Newsome maintained the stock with an Overweight and boosted the price target from $250 to $252.
• Wells Fargo analyst Elyse Greenspan maintained Progressive with an Overweight and raised the price target from $262 to $281.

Considering buying PGR stock? Here’s what analysts think: