Citigroup Maintains Neutral on Progressive, Raises Price Target to $225
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Michael Ward has maintained a Neutral rating on Progressive (NYSE:PGR) and increased the price target from $202 to $225.

April 15, 2024 | 6:01 pm
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Citigroup has maintained a Neutral rating on Progressive, with an increased price target from $202 to $225.
The increase in price target by Citigroup reflects a positive outlook on Progressive's stock value in the short term, likely due to improved financial performance or market conditions. This adjustment suggests that the stock has potential for growth, making it an important piece of information for investors. However, the Neutral rating indicates that there may be factors or uncertainties that could limit the stock's upward movement, hence the score is not maximally positive.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90