Morgan Stanley Maintains Overweight on Progressive, Raises Price Target to $300
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Bob Huang maintains an Overweight rating on Progressive (NYSE:PGR) and raises the price target from $260 to $300.
September 16, 2024 | 11:47 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Morgan Stanley has increased its price target for Progressive from $260 to $300, maintaining an Overweight rating. This suggests a positive outlook for Progressive's stock.
The increase in price target from $260 to $300 by Morgan Stanley, along with maintaining an Overweight rating, indicates a strong positive sentiment towards Progressive's stock. This is likely to lead to a short-term increase in stock price as investors react to the updated target and rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100