Morgan Stanley Maintains Overweight on Progressive, Raises Price Target to $256
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 $247 to $256.
April 15, 2024 | 4:55 pm
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Morgan Stanley's analyst Bob Huang has reaffirmed an Overweight rating on Progressive and raised the price target to $256.
The increase in price target by a reputable analyst like Bob Huang from Morgan Stanley suggests a strong confidence in Progressive's future performance. This endorsement is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100