Progressive Analysts Cut Their Forecasts After Q4 Earnings
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Progressive Corp (NYSE:PGR) reported Q4 earnings of $4.67 per share, exceeding the $4.41 estimate, and sales of $21.093 billion, surpassing the $20.101 billion estimate. Following the earnings announcement, analysts adjusted their price targets: BMO's Michael Zaremski lowered his target from $239 to $232, while Wells Fargo's Elyse Greenspan cut hers from $240 to $220. Progressive shares rose 0.1% to $212.76 in pre-market trading.
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