Goldman Sachs Maintains Neutral on Progressive, Raises Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Alex Scott maintains a Neutral rating on Progressive (NYSE:PGR) and raises the price target from $140 to $160.
November 07, 2023 | 2:50 pm
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Goldman Sachs maintains a Neutral rating on Progressive and raises the price target from $140 to $160.
The news is directly about Progressive. Goldman Sachs, a highly influential investment bank, has maintained a Neutral rating on the company, indicating that they do not expect significant price movement in the short term. However, they have raised the price target from $140 to $160, which could potentially signal an upward trend in the longer term. This might not have a significant short-term impact, but it could influence investor sentiment and potentially lead to a gradual increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100