Goldman Sachs Upgrades Progressive to Buy, Raises Price Target to $262
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has upgraded Progressive (NYSE:PGR) from Neutral to Buy and raised the price target from $230 to $262.
August 15, 2024 | 10:03 am
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Goldman Sachs has upgraded Progressive from Neutral to Buy and increased the price target from $230 to $262.
The upgrade from Neutral to Buy by a major financial institution like Goldman Sachs is likely to positively impact Progressive's stock price in the short term. The raised price target to $262 indicates increased confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100