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Morgan Stanley Remains a Sell on Progressive (PGR)

Tipranks - Tipranks - Sat Feb 14, 8:02AM CST

In a report released today, Bob Huang from Morgan Stanley maintained a Sell rating on Progressive, with a price target of $205.00.

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According to TipRanks, Huang is an analyst with an average return of -4.9% and a 51.61% success rate. Huang covers the Financial sector, focusing on stocks such as Progressive, Arch Capital Group, and Chubb.

Progressive has an analyst consensus of Moderate Buy, with a price target consensus of $242.80.

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Based on Progressive’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $22.51 billion and a net profit of $2.62 billion. In comparison, last year the company earned a revenue of $19.71 billion and had a net profit of $2.33 billion

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