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Analysts Are Bullish on Top Financial Stocks: Progressive (PGR), Toronto Dominion Bank (TD)

Tipranks - Fri May 22, 3:56AM CDT

There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Progressive (PGR) and Toronto Dominion Bank (TD) with bullish sentiments.

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Progressive (PGR)

In a report released yesterday, Joshua Shanker from Bank of America Securities reiterated a Buy rating on Progressive, with a price target of $320.00. The company’s shares closed last Wednesday at $202.60, close to its 52-week low of $201.34.

According to TipRanks.com, Shanker is a 5-star analyst with an average return of 6.8% and a 60.2% success rate. Shanker covers the Financial sector, focusing on stocks such as Neptune Insurance Holdings, Inc. Class A, American International Group, and Marsh & McLennan Companies. ;'>

Progressive has an analyst consensus of Moderate Buy, with a price target consensus of $232.73, representing a 15.2% upside. In a report released today, Barclays also maintained a Buy rating on the stock with a $247.00 price target.

See the top stocks recommended by analysts >>

Toronto Dominion Bank (TD)

Canaccord Genuity analyst Matthew Lee maintained a Buy rating on Toronto Dominion Bank yesterday. The company’s shares closed last Wednesday at $109.58.

According to TipRanks.com, Lee is a 5-star analyst with an average return of 22.0% and a 68.2% success rate. Lee covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Royal Bank Of Canada. ;'>

Currently, the analyst consensus on Toronto Dominion Bank is a Moderate Buy with an average price target of $107.22, a -0.9% downside from current levels. In a report issued on May 11, Raymond James also upgraded the stock to Buy with a C$152.50 price target.

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