Morgan Stanley Maintains Overweight on Progressive, Raises Price Target to $310
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Bob Huang maintains an Overweight rating on Progressive (NYSE:PGR) and raises the price target from $300 to $310.
October 18, 2024 | 1:12 pm
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Morgan Stanley has reaffirmed its Overweight rating on Progressive and increased the price target from $300 to $310, indicating a positive outlook.
The increase in price target from $300 to $310 by Morgan Stanley suggests a positive outlook for Progressive's stock, likely leading to a short-term price increase. The Overweight rating indicates confidence in the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100