Cornerstone Progressive Return Fund (NYSE:CFP)‘s stock had its “buy” rating reaffirmed by analysts at Scotiabank in a report released on Tuesday. They currently have a $21.25 price objective on the investment management company’s stock. Scotiabank’s price target indicates a potential upside of 26.26% from the company’s current price.

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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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