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Progressive Stock Dips Amid Analyst Downgrades

Progressive Stock Dips Amid Analyst Downgrades

Author:

Global Cryptocurrency

Published:

2025-10-21 03:11:01

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Progressive Corp. (PGR) shares fell nearly 3% on Monday, underperforming the broader S&P 500's 1.1% gain, following bearish analyst actions. Bob Huang of a prominent investment bank downgraded the stock to underweight and slashed his price target to $265, citing concerns over weakening pricing power in the insurance sector.

Alex Scott of another firm echoed the cautious stance, reducing his price target to $257 while maintaining an equalweight rating. The dual revisions reflect growing skepticism about Progressive's earnings trajectory, with Huang forecasting declines in per-share profits for 2026-2027. The bearish sentiment follows last week's disappointing performance metrics from the insurer.

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