Wells Fargo Maintains Overweight on Progressive, Raises Price Target to $282
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Elyse Greenspan maintains an Overweight rating on Progressive (NYSE:PGR) and raises the price target from $281 to $282.
September 10, 2024 | 2:27 pm
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POSITIVE IMPACT
Wells Fargo has reaffirmed its Overweight rating on Progressive and slightly increased the price target to $282, indicating continued confidence in the stock's performance.
The reaffirmation of an Overweight rating and a slight increase in the price target by a major financial institution like Wells Fargo suggests a positive outlook for Progressive. This could lead to increased investor confidence and a potential short-term rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100