Goldman Sachs Maintains Buy on Progressive, Raises Price Target to $280
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Alex Scott has maintained a Buy rating on Progressive (NYSE:PGR) and increased the price target from $262 to $280.
September 18, 2024 | 12:20 pm
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POSITIVE IMPACT
Goldman Sachs has reaffirmed its Buy rating on Progressive and increased the price target from $262 to $280, indicating confidence in the company's future performance.
The increase in price target from $262 to $280 by a reputable firm like Goldman Sachs suggests a positive outlook for Progressive's stock. This is likely to boost investor confidence and potentially lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100