JP Morgan Downgrades BanColombia to Underweight, Announces $30 Price Target
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Yuri Fernandes has downgraded BanColombia (NYSE:CIB) from Neutral to Underweight and set a price target of $30.
August 10, 2023 | 9:09 am
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BanColombia's stock has been downgraded to Underweight by JP Morgan with a price target of $30.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards BanColombia, potentially leading to a decrease in its stock price. The price target of $30 also provides a benchmark that investors may consider when making investment decisions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100