Analysts have been eager to weigh in on the Financial sector with new ratings on Progressive (PGR) and Spirit Realty Capital (SRC).
Progressive (PGR)
In a report released today, Amit Kumar from Buckingham reiterated a Hold rating on Progressive, with a price target of $72.00. The company’s shares closed last Monday at $72.44.
According to TipRanks.com, Kumar is ranked #1941 out of 5727 analysts.
Currently, the analyst consensus on Progressive is a Moderate Buy with an average price target of $85.22.
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Spirit Realty Capital (SRC)
J.P. Morgan analyst Anthony Paolone reiterated a Buy rating on Spirit Realty Capital today and set a price target of $55.00. The company’s shares closed last Monday at $52.59, close to its 52-week high of $53.10.
According to TipRanks.com, Paolone is a 5-star analyst with an average return of 10.8% and a 69.9% success rate. Paolone covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate Investment, Corporate Office Properties, and Healthpeak Properties.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Spirit Realty Capital with a $54.00 average price target, a 1.9% upside from current levels. In a report issued on November 26, Stifel Nicolaus also maintained a Buy rating on the stock with a $56.00 price target.
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