Cornerstone Progressive Return Fund’s (CFP) Buy Rating Reiterated at Raymond James

Raymond James restated their buy rating on shares of Cornerstone Progressive Return Fund (NYSEMKT:CFP) in a research report released on Monday, AnalystRatings.com reports. They currently have a $18.00 price target on the investment management company’s stock.

Separately, CIBC raised shares of Cornerstone Progressive Return Fund from an average rating to a buy rating and set a $14.00 price target on the stock in a report on Tuesday, June 18th.

Cornerstone Progressive Return Fund Company Profile



Cornerstone Progressive Return Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide total return. The Fund invests primarily all of its assets in equity securities of the United States issuers, non- United States issuers whose securities trade on the United States securities exchange or over the counter or as American depositary receipts (ADRs) or other forms of depositary receipts, such as international depositary receipts (IDRs), which trade in the United States, closed-end investment companies and exchange-traded funds (ETFs).

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