Wall Street Analysts Are Bullish on Top Financial Picks

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There’s a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on Progressive (PGRResearch Report), American Express (AXPResearch Report) and JPMorgan Chase & Co. (JPMResearch Report) with bullish sentiments.

Progressive (PGR)

In a report released yesterday, Elyse Greenspan from Wells Fargo assigned a Buy rating to Progressive, with a price target of $215.00. The company’s shares closed last Monday at $193.58, close to its 52-week high of $193.67.

According to TipRanks.com, Greenspan is a 5-star analyst with an average return of 10.7% and a 63.8% success rate. Greenspan covers the Financial sector, focusing on stocks such as Hamilton Insurance Group, Ltd. Class B, American International Group, and Marsh & Mclennan Companies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Progressive with a $196.20 average price target, a 2.1% upside from current levels. In a report issued on February 15, Roth MKM also maintained a Buy rating on the stock with a $215.00 price target.

See the top stocks recommended by analysts >>

American Express (AXP)

In a report released yesterday, Donald Fandetti from Wells Fargo assigned a Buy rating to American Express, with a price target of $220.00. The company’s shares closed last Monday at $216.96, close to its 52-week high of $217.54.

According to TipRanks.com, Fandetti is a 5-star analyst with an average return of 10.0% and a 62.4% success rate. Fandetti covers the Financial sector, focusing on stocks such as Discover Financial Services, Capital One Financial, and Synchrony Financial.

Currently, the analyst consensus on American Express is a Moderate Buy with an average price target of $196.95, implying a -7.7% downside from current levels. In a report issued on February 15, KBW also maintained a Buy rating on the stock with a $235.00 price target.

JPMorgan Chase & Co. (JPM)

Wells Fargo analyst Mike Mayo assigned a Buy rating to JPMorgan Chase & Co. yesterday and set a price target of $200.00. The company’s shares closed last Monday at $183.36, close to its 52-week high of $185.20.

According to TipRanks.com, Mayo is a 5-star analyst with an average return of 10.2% and a 63.0% success rate. Mayo covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Bank of New York Mellon Corporation, and Goldman Sachs Group.

Currently, the analyst consensus on JPMorgan Chase & Co. is a Moderate Buy with an average price target of $192.81, which is a 4.9% upside from current levels. In a report issued on February 19, Barclays also assigned a Buy rating to the stock with a $212.00 price target.

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