Citigroup Maintains Sell on Progressive, Lowers Price Target to $106
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Michael Ward has maintained a 'Sell' rating on Progressive (NYSE:PGR) and lowered the price target from $123 to $106.
July 14, 2023 | 3:24 pm
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NEGATIVE IMPACT
Citigroup has maintained a 'Sell' rating on Progressive and lowered the price target from $123 to $106, which could negatively impact the stock's price.
The lowered price target by Citigroup indicates a bearish outlook for Progressive. This could lead to a decrease in the stock's price as investors adjust their expectations based on the new price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100