Rating Change
Wells Fargo reiterated its Underweight rating on The Progressive Corporation (NYSE:PGR) on August 20, 2026.
reiterateNYSE:PGR
Wells Fargo Reiterates Underweight Rating on The Progressive Corporation (PGR)
Wells Fargo reiterated its Underweight rating on The Progressive Corporation (NYSE:PGR) on August 20, 2026.
At publication ·
What changed
The Progressive Corporation (NYSE:PGR) · reiterate
- Firm
- Wells Fargo
- Rating
- Underweight to Underweight
- Price at event
- $220.34
- Market capitalization
- $135.1B
At a glance
Key takeaways
- Wells Fargo reiterated an Underweight rating on Progressive Corporation (PGR) on August 20, 2026, suggesting the stock may underperform relative to the market.
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 coverage from Wells Fargo provides professional research and price targets that many institutional investors reference when making allocation decisions. The consensus of analyst opinions — along with the range of price targets — helps frame market expectations for The Progressive Corporation.
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 Underweight rating mean for PGR?
A rating of Underweight from Wells Fargo 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.
