Progressive(PGR) The Motley Fool·2025-04-17 23:12Core Viewpoint - The stock of Progressive (PGR) experienced a significant decline of almost 4% following a downgrade by analyst Meyer Shields, despite positive earnings results and price target increases from other analysts [1][2][3]. Group 1: Analyst Actions - Meyer Shields downgraded Progressive from outperform to market perform, maintaining a price target of $288 per share [3]. - Several analysts provided bullish perspectives on Progressive's earnings, with at least three raising their price targets [2]. Group 2: Company Performance Insights - Shields noted that the growth of Progressive's in-force auto policies is expected to slow due to moderating rate increases from competitors [4]. - Concerns were raised regarding Progressive's earned rates facing pressure from increased claims [4]. - Despite the downgrade, there is a belief that Progressive's management has demonstrated the ability to find new growth avenues, potentially mitigating pressure on core activities [5].