Barclays Maintains Underweight on Progressive, Raises Price Target to $107
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tracy Benguigui has maintained an Underweight rating on Progressive (NYSE:PGR) and raised the price target from $103 to $107.
August 04, 2023 | 10:51 am
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NEUTRAL IMPACT
Barclays has maintained an Underweight rating on Progressive and raised the price target from $103 to $107.
While the price target increase is a positive signal, the Underweight rating indicates that Barclays believes Progressive's stock may underperform the market. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100