BMO Capital Maintains Outperform on Progressive, Raises Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Michael Zaremski has maintained an Outperform rating on Progressive Corp (NYSE:PGR) and increased the price target from $185 to $200. This adjustment reflects a positive outlook on the company's performance and potential growth.
January 25, 2024 | 3:22 pm
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BMO Capital's analyst has reaffirmed an Outperform rating on Progressive and raised the price target to $200, indicating a positive sentiment towards the company's stock.
The increase in price target by a reputable analyst typically signals confidence in the company's future performance and growth prospects. This can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100