Analysts Are Bearish on Top Financial Stocks: Progressive (PGR)
Analysts are pulling back from the Financial sector as 1 experts expressed today bearish sentiments on and Progressive (PGR).
Wells Fargo analyst Elyse Greenspan maintained a Sell rating on Progressive on June 1. The company’s shares closed last Wednesday at $92.92.
According to TipRanks.com, Greenspan is a 5-star analyst with an average return of 11.5% and a 64.3% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and United Insurance Holdings.
The word on The Street in general, suggests a Hold analyst consensus rating for Progressive with a $95.50 average price target, representing a 2.5% upside. In a report issued on June 7, Morgan Stanley also downgraded the stock to Sell with a $85.00 price target.
See today’s analyst top recommended stocks >>
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.