Itau BBA Downgrades Companhia Siderurgica to Underperform, Announces $2.3 Price Target
Portfolio Pulse from richadhand@benzinga.com
Itau BBA analyst Daniel Sasson has downgraded Companhia Siderurgica (NYSE:SID) from Market Perform to Underperform and set a price target of $2.3.

July 10, 2023 | 11:49 am
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NEGATIVE IMPACT
Companhia Siderurgica has been downgraded to Underperform by Itau BBA, with a new price target of $2.3.
The downgrade from Market Perform to Underperform by a prominent analyst is likely to negatively impact the stock's performance in the short term. The new price target of $2.3 also suggests a potential downside, which could further pressure the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100