Raymond James Maintains Outperform on Progressive, Lowers Price Target to $140
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst C. Gregory Peters has maintained an 'Outperform' rating on Progressive (NYSE:PGR) but lowered the price target from $145 to $140.
July 17, 2023 | 11:20 am
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Progressive's price target has been lowered from $145 to $140 by Raymond James, though the 'Outperform' rating is maintained.
The news of a lowered price target could potentially have a negative impact on Progressive's stock price in the short term. However, the maintained 'Outperform' rating indicates that the analyst still sees potential for the stock to perform well, which could offset any negative impact.
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