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Morgan Stanley Sticks to Their Sell Rating for Progressive (PGR)

Tipranks - Tipranks - Tue Feb 24, 7:32AM 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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Huang covers the Financial sector, focusing on stocks such as Progressive, Allstate, and Arch Capital Group. According to TipRanks, Huang has an average return of -4.9% and a 51.61% success rate on recommended stocks.

Currently, the analyst consensus on Progressive is a Moderate Buy with an average price target of $239.80.

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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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