Progressive Corporation Stock Price Boosted by Morgan Stanley Target Revision

Progressive Corporation’s stock price has increased following a revised target from Morgan Stanley. The investment firm has raised its price target for the insurance company to $330, maintaining its “overweight” rating.

Key Details

• Morgan Stanley’s revised price target for Progressive Corporation is $330
• The investment firm maintains its “overweight” rating for the insurance company
• The revised target suggests a positive outlook for Progressive Corporation

Market Context

The overall market has shown resilience, with US and global markets recovering from earlier losses. This recovery may contribute to investors considering Progressive Corporation as a potential investment opportunity.

Investment Implications

• Investors may be considering Progressive Corporation as a potential investment opportunity
• The revised price target from Morgan Stanley may influence investment decisions