Rating Change
Keefe, Bruyette & Woods analysts upgraded The Progressive Corporation (NYSE:PGR) from Market Perform to Outperform on August 20, 2026.
upgradeNYSE:PGR
The Progressive Corporation (PGR) Upgraded to Outperform at Keefe, Bruyette & Woods
Keefe, Bruyette & Woods analysts upgraded The Progressive Corporation (NYSE:PGR) from Market Perform to Outperform on August 20, 2026.
At publication ·
What changed
The Progressive Corporation (NYSE:PGR) · upgrade
- Firm
- Keefe, Bruyette & Woods
- Rating
- Market Perform to Outperform
- Price at event
- $220.34
- Market capitalization
- $135.1B
At a glance
Key takeaways
- Keefe, Bruyette & Woods upgraded Progressive Corporation from Market Perform to Outperform on August 20, 2026, suggesting analysts see improving fundamentals or a more favorable risk-reward profile.
Market Context
The Progressive Corporation operates in the Financial Services sector. The stock currently trades at $220.34 with a market capitalization of $135.1B. The stock has declined 3.7% over the past 52 weeks.
Analyst upgrades often act as catalysts for near-term price movement, particularly when they come from major firms with significant institutional following. Keefe, Bruyette & Woods's upgrade suggests their analysts see improving fundamentals, a more favorable risk-reward profile, or upcoming catalysts that could drive the stock higher.
Analyst ratings and price targets are one input among many for investment decisions. Historical studies show that consensus analyst recommendations have mixed predictive power on their own, but significant changes in consensus — such as multiple upgrades or downgrades in a short period — can be more meaningful signals.
Recent Analyst Activity for The Progressive Corporation
Among the 10 most recent ratings: 2 Buy, 6 Hold, 2 Sell.
| Date | Firm | Rating | Price Target |
|---|---|---|---|
| Aug 20, 2026 | Wells Fargo | Underweight | N/A |
| Aug 20, 2026 | Keefe, Bruyette & Woods | Outperform | N/A |
| Aug 17, 2026 | Cantor Fitzgerald | Neutral | N/A |
| Aug 04, 2026 | JP Morgan | Neutral | N/A |
| Jul 24, 2026 | Morgan Stanley | Equal-Weight | N/A |
Related Tools: Analyst Ratings Dashboard | View PGR Stock Page
Frequently Asked Questions
What does the Outperform rating mean for PGR?
A rating of Outperform from Keefe, Bruyette & Woods reflects the analyst's outlook on The Progressive Corporation (NYSE:PGR). Analyst ratings are one factor investors consider alongside earnings, valuation, and sector trends.
Where can I find more analyst ratings?
Browse recent upgrades and downgrades on our Analyst Ratings Dashboard or the PGR forecast page.
