Progress Software (NASDAQ:PRGS – Free Report) had its price objective trimmed by Jefferies Financial Group from $60.00 to $50.00 in a research note released on Tuesday, Marketbeat Ratings reports. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.00. Get Progress Software alerts:View Our Latest Stock Report on PRGSProgress Software Trading Up 2.4%Progress Software stock opened at $46.32 on Tuesday. The firm’s 50 day moving average price is $44.60 and its 200-day moving average price is $53.41. Further ReadingReceive News & Ratings for Progress Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Progress Software and related companies with MarketBeat.com's FREE daily email newsletter.