PROG Holdings price target raised to $34 from $28 at Loop Capital
The Fly

PROG Holdings price target raised to $34 from $28 at Loop Capital

Loop Capital raised the firm’s price target on PROG Holdings to $34 from $28 and keeps a Buy rating on the shares. The company reported a sizable earnings beat, and there is likely additional upside to management’s revised 2023 diluted EPS guidance given Progressive’s relatively low leverage and strong free cash flow, the analyst tells investors in a research note.

Published first on TheFly

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