Citi upgraded Progress Software (PRGS) to Buy from Neutral with an unchanged price target of $57. The firm cites the stock’s 30% decline year-to-date along with the company’s “remarkably consistent” financials for the upgrade. Citi sees a “compelling” risk/reward at current share levels.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PRGS:
- ‘Still More Room to Go’: Daniel Ives Sees the Next Wave Coming for These 2 AI Stocks
- Progress Software expands presence in Costa Rica with new CoE
- Progress Software’s Earnings Call Highlights AI Success and Strong Growth
- Progress Software price target lowered to $50 from $60 at Jefferies
- Progress Software continues to execute well, says DA Davidson