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Analysts Conflicted on These Financial Names: Alerus Financial (ALRS), AFLAC (AFL) and Progressive (PGR)

Analysts have been eager to weigh in on the Financial sector with new ratings on Alerus Financial (ALRSResearch Report), AFLAC (AFLResearch Report) and Progressive (PGRResearch Report).

Alerus Financial (ALRS)

Piper Sandler analyst Nathan Race maintained a Hold rating on Alerus Financial today and set a price target of $22.50. The company’s shares closed last Wednesday at $19.73.

According to TipRanks.com, Race is a 4-star analyst with an average return of 8.0% and a 53.9% success rate. Race covers the Financial sector, focusing on stocks such as First Savings Financial Group, First Mid-Illinois Bancshares, and Midwestone Financial Group.

Currently, the analyst consensus on Alerus Financial is a Hold with an average price target of $22.25, which is a 9.3% upside from current levels. In a report issued on May 1, D.A. Davidson also maintained a Hold rating on the stock.

See the top stocks recommended by analysts >>

AFLAC (AFL)

Piper Sandler analyst John Barnidge maintained a Buy rating on AFLAC today and set a price target of $95.00. The company’s shares closed last Wednesday at $87.48, close to its 52-week high of $87.60.

According to TipRanks.com, Barnidge is a 5-star analyst with an average return of 10.0% and a 61.9% success rate. Barnidge covers the Financial sector, focusing on stocks such as Corebridge Financial, Inc., F&G Annuities & Life Inc, and Brighthouse Financial.

Currently, the analyst consensus on AFLAC is a Hold with an average price target of $84.63.

Progressive (PGR)

In a report released today, Paul Newsome from Piper Sandler maintained a Buy rating on Progressive, with a price target of $248.00. The company’s shares closed last Wednesday at $209.25, close to its 52-week high of $217.77.

According to TipRanks.com, Newsome is a 5-star analyst with an average return of 11.2% and a 70.4% success rate. Newsome covers the Financial sector, focusing on stocks such as Skyward Specialty Insurance Group, Inc., Universal Insurance Holdings, and American International Group.

Currently, the analyst consensus on Progressive is a Moderate Buy with an average price target of $229.69, a 10.8% upside from current levels. In a report released yesterday, Bank of America Securities also reiterated a Buy rating on the stock with a $286.00 price target.

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