Stifel Analyst Downgrades Progressive (AP) - The Insurrance Blog- JournalHome.com

Stifel Analyst Downgrades Progressive (AP) - Posted at 4:11 PM on 6/15/2007 by RoSS

A Stifel Nicolaus analyst downgraded car insurer Progressive Corp. on Friday, saying the company's recent rate reductions are likely to eat into its profit.