Barclays Maintains Underweight on Progressive, Raises Price Target to $109
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tracy Benguigui maintains an Underweight rating on Progressive (NYSE:PGR) and raises the price target from $107 to $109.
August 17, 2023 | 11:00 am
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NEUTRAL IMPACT
Barclays maintains an Underweight rating on Progressive, but raises the price target from $107 to $109.
The news is directly about Progressive. While the Underweight rating suggests that Barclays expects the stock to underperform, the raised price target indicates a slightly more positive outlook. However, the impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100