Progressive's Pain May Turn To Gain As Tariff Inflation Creates A Surprising Tailwind
1. Progressive Corp shares fell 8%, lagging the S&P 500 by 1,000 basis points. 2. Analyst upgraded Progressive from Neutral to Buy, raising the price target to $312. 3. Progressive added 572,000 new auto customers, marking record growth. 4. Uncertainty remains regarding potential tariffs by the Trump administration. 5. Tariff-induced inflation could boost Progressive's profitability and market share.