Barclays Maintains Underweight on Progressive, Lowers Price Target to $103
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tracy Benguigui has maintained an Underweight rating on Progressive (NYSE:PGR) and lowered the price target from $120 to $103.
July 14, 2023 | 2:40 pm
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NEGATIVE IMPACT
Barclays has maintained an Underweight rating on Progressive and lowered the price target from $120 to $103.
The lowered price target by Barclays indicates a bearish outlook for Progressive. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100