JPMorgan raises Progressive's price target to $239 and gives it an "Overweight" rating.

JPMorgan Chase raises Progressive's price target to $239 and gives it an "Overweight" rating. Progressive reported better-than-expected Q2 EPS of $3.94 and revenue of $18.96B. The insurer also declared a quarterly dividend of $0.10 per share. Other firms like Wells Fargo, Goldman Sachs, UBS Group, Bank of America, and Citigroup have also increased ratings and target prices for PGR.