Progressive shares are trading higher after Morgan Stanley maintained an Overweight rating on the stock and raised its price target from $228 to $247.
Portfolio Pulse from Benzinga Newsdesk
Progressive's stock price increased following Morgan Stanley's decision to maintain an Overweight rating and raise its price target from $228 to $247.
April 11, 2024 | 12:09 pm
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POSITIVE IMPACT
Progressive's stock price is likely to experience a short-term increase following Morgan Stanley's positive rating and raised price target.
Morgan Stanley's decision to maintain an Overweight rating on Progressive and increase the price target significantly is a strong indicator of the stock's potential performance. Such endorsements from reputable financial institutions typically lead to increased investor confidence and can drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100