Banco Bradesco BBI S.A Downgrades XP to Neutral, Lowers Price Target to $17
Portfolio Pulse from richadhand@benzinga.com
Banco Bradesco BBI S.A analyst Otavio Tanganelli downgrades XP (NASDAQ:XP) from Outperform to Neutral and lowers the price target from $25 to $17.
May 18, 2023 | 1:46 pm
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NEGATIVE IMPACT
XP downgraded from Outperform to Neutral by Banco Bradesco BBI, with a lowered price target of $17.
The downgrade from Outperform to Neutral and the lowering of the price target from $25 to $17 by Banco Bradesco BBI's analyst Otavio Tanganelli indicates a less optimistic outlook for XP's stock performance in the short term. This could lead to a negative impact on the stock price as investors may adjust their positions based on the new rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100