What exactly did Jefferies change in the PGR analyst rating on Feb 11, 2026?

Jefferies maintained a **Hold** on PGR and lowered its price target to **$216** on **February 11, 2026**. The firm did not change the rating, but it trimmed expected upside, prompting a modest **-0.5% (-$1.04)** market reaction.

Does the Jefferies note mean investors should sell PGR now based on the PGR analyst rating?

No. A maintained Hold with a lower price target signals caution, not an immediate sell. Investors should reassess position size and wait for confirming data from earnings and underwriting trends before acting.

How important is the $216 PGR price target in this analyst rating update?

The **$216** target narrows expected upside and adjusts valuation expectations. It matters as a reference for analyst-implied value, but investors should weigh company fundamentals and sector trends alongside the target.

Where can I read the original analyst note and additional market coverage for this PGR analyst rating?

The Jefferies update is summarized by StreetInsider [source](https://www.streetinsider.com/Analyst+Comments/Progressive+Corp.+%28PGR%29+PT+Lowered+to+%24216+at+Jefferies/25981772.html). For complementary coverage and analyst lists, see Benzinga's ratings summaries [source](https://www.benzinga.com//

Analyst Ratings

Jefferies Maintains Hold on The Progressive Corporation (PGR) Feb 11 2026

ByDanny Kontos February 12, 2026

Jefferies maintained a Hold on The Progressive Corporation (PGR) and lowered its price target to $216 on February 11, 2026, marking the latest PGR analyst rating update. This action left the formal rating unchanged while trimming upside, and it arrived with a small market move of -0.5% (-$1.04) in immediate reaction. Investors watching PGR analyst rating shifts should note Jefferies kept conviction neutral but reduced expected value. We review the change, its context, and what it means for shareholders and traders.