By: Benzinga
February 15, 2013 at 14:47 PM EST
UPDATE: Bank of America Reiterates Neutral Rating, Raises PT on Progressive Corporation on January Operating EPS
In a report published Friday, Bank of America reiterated its Neutral rating on Progressive Corporation (NYSE: PGR ), and raised its price target from $23.00 to $25.00. Bank of America noted, “January operating EPS of $0.18 beat our estimate. The beat was driven by the underlying loss ratio. There may
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