There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Progressive (PGR – Research Report) and Webster Financial (WBS – Research Report) with bullish sentiments.
Progressive (PGR)
In a report released today, Joshua Shanker from Bank of America Securities maintained a Buy rating on Progressive. The company’s shares closed last Monday at $208.27, close to its 52-week high of $217.77.
According to TipRanks.com, Shanker is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Progressive with a $227.73 average price target, which is an 9.0% upside from current levels. In a report issued on May 16, BMO Capital also maintained a Buy rating on the stock with a $235.00 price target.
See today’s best-performing stocks on TipRanks >>
Webster Financial (WBS)
In a report released today, Brandon Berman from Bank of America Securities maintained a Buy rating on Webster Financial. The company’s shares closed last Monday at $46.58.
According to TipRanks.com, Berman is a 1-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Webster Financial with a $56.91 average price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on PGR:
