BMO Capital Maintains Market Perform on Progressive, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
BMO Capital's analyst Michael Zaremski has maintained a 'Market Perform' rating on Progressive (NYSE:PGR) but has lowered the price target from $140 to $120.
July 19, 2023 | 1:33 pm
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NEGATIVE IMPACT
Progressive's price target has been lowered from $140 to $120 by BMO Capital, though the 'Market Perform' rating is maintained.
The lowering of the price target by BMO Capital indicates a potential decrease in Progressive's stock value in the short term. However, the maintenance of the 'Market Perform' rating suggests that the company's overall performance is expected to be in line with the market average.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100