Progressive upgraded to Buy from Neutral at Citigroup Citigroup upgraded Progressive to Buy on citing an attractive valuation and its belief underwriting spreads will improve. Citi raised its price target for shares to $29 from $27.
Progressive reports September net premiums written up 5% to $1.42B Reports September net premiums earned up 6% to $1.4B. Reports September net income up 49% to $92M. Reports September net income per share 16c vs. 10c last year.