There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Progressive (PGR – Research Report) and Blackstone Group (BX – Research Report) with bullish sentiments.
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 $264.00. The company’s shares closed last Monday at $209.95, close to its 52-week high of $210.05.
According to TipRanks.com, Shanker is a 5-star analyst with an average return of
Currently, the analyst consensus on Progressive is a Moderate Buy with an average price target of $212.75, a 2.7% upside from current levels. In a report issued on March 18, Roth MKM also maintained a Buy rating on the stock with a $235.00 price target.
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Blackstone Group (BX)
In a report released yesterday, Finian O’Shea from Wells Fargo maintained a Buy rating on Blackstone Group, with a price target of $134.00. The company’s shares closed last Monday at $131.03, close to its 52-week high of $133.56.
According to TipRanks.com, O’Shea is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Blackstone Group with a $128.93 average price target.
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Read More on PGR:
- Progressive price target raised to $200 from $174 at HSBC
- Progressive price target raised to $190 from $185 at Keefe Bruyette
- Progressive price target raised to $235 from $215 at Roth MKM
- Progressive price target raised to $202 from $192 at Citi
- Progressive reported ‘excellent’ underwriting results, says Roth MKM
