Cornerstone Progressive Return Fund (NYSEMKT:CFP)‘s stock had its “average” rating reaffirmed by research analysts at CIBC in a research report issued on Monday. They presently have a $18.00 price objective on the investment management company’s stock.

A number of other research firms also recently weighed in on CFP. Royal Bank of Canada reaffirmed an “average” rating and set a $29.00 price objective on shares of Cornerstone Progressive Return Fund in a report on Friday, November 16th. TD Securities reaffirmed an “average” rating and set a $26.00 price objective on shares of Cornerstone Progressive Return Fund in a report on Monday, January 7th.

About Cornerstone Progressive Return Fund

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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