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

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Raymond James reaffirmed their buy rating on shares of Cornerstone Progressive Return Fund (NYSEMKT:CFP) in a research report released on Monday morning, reports. The firm currently has a $18.00 price objective on the investment management company’s stock.

Separately, CIBC upgraded shares of Cornerstone Progressive Return Fund from an average rating to a buy rating and set a $14.00 price objective for the company in a research report on Tuesday, June 18th.

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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