Goldman Sachs Maintains Neutral on Ecopetrol, Raises Price Target to $12.5
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Bruno Amorim maintains a Neutral rating on Ecopetrol (NYSE:EC) and raises the price target from $10.4 to $12.5.
June 28, 2023 | 12:13 pm
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NEUTRAL IMPACT
Goldman Sachs maintains a Neutral rating on Ecopetrol and raises the price target from $10.4 to $12.5.
The news is directly about Ecopetrol and is likely to influence investor sentiment. The raised price target indicates a positive outlook, but the Neutral rating suggests that the stock is fairly valued at the moment. Therefore, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100