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Progressive downgraded to Underweight at Morgan Stanley on inflation, tougher competition (PGR:NYSE)
Seeking Alpha· 2025-10-20 23:37
Progressive (NYSE:PGR) stock fell 2.9% in late morning trading on Monday after Morgan Stanley downgraded the property & casualty insurer to Underweight from Equalweight, on concerns of sharply decelerating growth. "While September results were somewhat in-line if we strip out ...