Morgan Stanley Maintains Overweight on Progressive, Lowers Price Target to $255
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Bob Huang maintains an Overweight rating on Progressive (NYSE:PGR) but lowers the price target from $256 to $255.

June 10, 2024 | 10:40 am
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NEUTRAL IMPACT
Morgan Stanley maintains an Overweight rating on Progressive but slightly lowers the price target from $256 to $255.
The Overweight rating suggests a positive outlook, but the slight reduction in the price target indicates a minor adjustment in expectations. This is likely to have a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100