Morgan Stanley Maintains Overweight on Progressive, Raises Price Target to $247
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Bob Huang has maintained an Overweight rating on Progressive (NYSE:PGR) and increased the price target from $228 to $247.
April 11, 2024 | 11:23 am
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Morgan Stanley has reaffirmed its Overweight rating on Progressive and raised the price target to $247.
The increase in price target by a reputable analyst like Bob Huang from Morgan Stanley signals a strong confidence in Progressive's future performance. This endorsement is likely to positively influence investor sentiment and could lead to an uptick in the stock's price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100