Morgan Stanley assumed coverage on shares of Progressive ( NYSE:PGR – Get Rating ) in a research report sent to investors on Tuesday morning, The Fly reports. The firm issued an equal weight rating and a $135.00 target price on the insurance provider's stock. Other equities analysts also recently issued research reports about the company. Jefferies Financial Group boosted their target price on Progressive from $159.00 to $168.00 and gave the company a buy rating in a research report on Monday, April 10th.

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