Morgan Stanley Maintains Underweight on Progressive, Raises Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Phillips has maintained an Underweight rating on Progressive (NYSE:PGR) and raised the price target from $124 to $135.
October 11, 2023 | 3:00 pm
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Morgan Stanley has maintained an Underweight rating on Progressive and raised the price target from $124 to $135.
The news is directly about Progressive. While the Underweight rating suggests that the stock may underperform, the raised price target indicates a positive outlook. The impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100