Morgan Stanley downgraded Progressive (NYSE:PGR) to Underweight from Equalweight as continued reserve charges this year weigh on the auto and home insurer's earnings. Looking only at Progressive's ...
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Progressive cut at Morgan Stanley on intensifying competition, potential pressure on valuation
Progressive (NYSE:PGR) was trading lower after Morgan Stanley cut its recommendation on the insurance stock over intensifying industry competition and potential pressure on valuation. Shares were ...
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