BMO Capital Maintains Market Perform on Progressive, Lowers Price Target to $140
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Michael Zaremski maintains a Market Perform rating on Progressive (NYSE:PGR) and lowers the price target from $145 to $140.
June 15, 2023 | 12:30 pm
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BMO Capital's Michael Zaremski maintains a Market Perform rating on Progressive and lowers the price target from $145 to $140.
The news directly mentions Progressive (NYSE:PGR) and the lowered price target by BMO Capital. However, the Market Perform rating is maintained, indicating that the analyst still expects the stock to perform in line with the market. This may not have a significant short-term impact on the stock price, but it could influence investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100