Why Progressive Stock Got Slammed on Thursday
What the stock market gives, the stock market can take away. A mere one day after (NYSE: PGR) delivered first-quarter results that satisfied investors, a recommendation downgrade by an analyst on Thursday made the stock something of a pariah.
It closed that session almost 4% lower, on a day when the benchmark S 500 index managed to crawl 0.1% higher.
I should mention that several analysts weighed in with bullish takes on Progressive's earnings on Thursday, with no less than three raising their price targets on the insurance company's stock.
Source Fool.com
Progressive Corp. Stock
€175.06
0.160%
The stock is one of the favorites of our community with 42 Buy predictions and 2 Sell predictions.
With a target price of 282 € there is a hugely positive potential of 61.09% for Progressive Corp. compared to the current price of 175.06 €.
