B of A Securities Maintains Buy on Progressive, Lowers Price Target to $273
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Joshua Shanker maintains a Buy rating on Progressive (NYSE:PGR) but lowers the price target from $279 to $273.

April 17, 2024 | 10:37 am
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Progressive's Buy rating is maintained by B of A Securities, though the price target is reduced from $279 to $273.
The adjustment in price target by a reputable analyst like Joshua Shanker could signal a recalibration of expectations based on recent performance or market conditions. However, maintaining a Buy rating indicates a continued positive outlook on the stock, suggesting that the reduction in price target might not significantly impact investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100