Media stories about Cornerstone Progressive Return Fund (NYSE:CFP) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cornerstone Progressive Return Fund earned a news impact score of 0.23 on Accern’s scale. Accern also gave news articles about the investment management company an impact score of 45.1089386903109 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Separately, Scotiabank reiterated a “buy” rating and set a $21.25 price target on shares of Cornerstone Progressive Return Fund in a research report on Tuesday, August 29th.
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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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