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Analysts' Opinions Are Mixed on These Financial Stocks: Moody's (MCO), Royal Bank Of Canada (RY) and Progressive (PGR) | Markets Insider

Published 3 weeks ago2 minute read

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Moody’s (MCOResearch Report), Royal Bank Of Canada (RYResearch Report) and Progressive (PGRResearch Report).

Moody’s (MCO)

In a report released today, Manav Patnaik from Barclays maintained a Buy rating on Moody’s, with a price target of $570.00. The company’s shares closed last Friday at $522.84, close to its 52-week high of $531.93.

According to TipRanks.com, Patnaik is a 5-star analyst with an average return of 11.0% and a 66.1% success rate. Patnaik covers the Industrial Goods sector, focusing on stocks such as WillScot Mobile Mini Holdings, Vestis Corporation, and Verisk Analytics.

Moody’s has an analyst consensus of Moderate Buy, with a price target consensus of $555.42, which is a 4.8% upside from current levels. In a report issued on February 4, RBC Capital also maintained a Buy rating on the stock with a $550.00 price target.

Royal Bank Of Canada (RY)

According to TipRanks.com, Morton is a 1-star analyst with an average return of -4.9% and a 25.0% success rate. Morton covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Toronto Dominion Bank.

Royal Bank Of Canada has an analyst consensus of Strong Buy, with a price target consensus of $133.86, which is an 11.7% upside from current levels. In a report issued on February 4, Desjardins also maintained a Buy rating on the stock with a C$190.00 price target.

Progressive (PGR)

Barclays analyst Alex Scott maintained a Hold rating on Progressive today and set a price target of $264.00. The company’s shares closed last Friday at $262.60, close to its 52-week high of $270.62.

According to TipRanks.com, Scott is a 4-star analyst with an average return of 10.1% and a 63.0% success rate. Scott covers the Financial sector, focusing on stocks such as Skyward Specialty Insurance Group, Inc., Hamilton Insurance Group, Ltd. Class B, and Jackson Financial Incorporation.

Currently, the analyst consensus on Progressive is a Strong Buy with an average price target of $287.50.

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