B of A Securities Maintains Buy on Progressive, Raises Price Target to $319
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Buy rating on Progressive (NYSE:PGR) and raised its price target from $309 to $319, indicating confidence in the company's future performance.
October 10, 2024 | 5:26 pm
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B of A Securities has increased its price target for Progressive from $309 to $319, maintaining a Buy rating. This suggests a positive outlook for Progressive's stock performance.
The increase in price target from $309 to $319 by B of A Securities, along with the maintained Buy rating, indicates a strong positive sentiment from the analyst. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100