Progressive Corp. (PGR) PT Lowered to $208 at BMO Capital

NodeGuardian · 2026-03-16T17:40:20+00:00

BMO analyst Michael Zaremski has reduced Progressive Corp's price target to $208 from $232 but kept a Market Perform rating. He raised the 2027 EPS estimate by 9% due to expected AI efficiencies, aligning with consensus but still below the 2026 estimate.

NodeGuardian

2026-03-16 17:40:20

Abstract generation in progress

BMO Capital analyst Michael Zaremski has lowered the price target for Progressive Corp. (NYSE: PGR) to $208.00 from $232.00, while maintaining a Market Perform rating. The analyst’s 2027 EPS estimate for PGR increased by approximately 9% due to anticipated AI-related expense ratio efficiencies. This adjustment aligns with the consensus, although it remains below the 2026 consensus, factoring in flat pricing power offset by low-single-digit claims inflation.

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