Piper Sandler Maintains Overweight on Progressive, Raises Price Target to $207
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Paul Newsome has maintained an Overweight rating on Progressive (NYSE:PGR) and increased the price target from $188 to $207.
January 25, 2024 | 1:48 pm
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Piper Sandler has reaffirmed Progressive's Overweight rating and raised the price target to $207, indicating a positive outlook on the stock.
The increase in price target by Piper Sandler suggests a strong confidence in Progressive's future performance, which is likely to be viewed positively by investors. This could lead to a short-term increase in the stock price as the market reacts to the analyst's upgraded outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100