UBS Maintains Neutral on Progressive, Raises Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Brian Meredith has maintained a Neutral rating on Progressive (NYSE:PGR) and increased the price target from $159 to $170.

January 10, 2024 | 2:14 pm
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UBS analyst Brian Meredith maintained a Neutral rating on Progressive but raised the price target from $159 to $170.
The increase in price target by UBS suggests a positive outlook on Progressive's valuation, which could lead to investor optimism and a potential short-term increase in the stock price. However, the Neutral rating indicates that the analyst does not see significant upside or downside from the current price level, which tempers the potential impact.
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IMPORTANCE 75
RELEVANCE 100