Itau BBA Downgrades BanColombia to Market Perform, Announces $33 Price Target
Portfolio Pulse from richadhand@benzinga.com
Itau BBA analyst Jorge Perez has downgraded BanColombia (NYSE:CIB) from Outperform to Market Perform and set a price target of $33.
August 30, 2023 | 9:16 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
BanColombia's rating has been downgraded by Itau BBA, which could potentially impact the stock's performance in the market.
The downgrade of BanColombia's rating by Itau BBA from Outperform to Market Perform indicates a less optimistic outlook for the company's stock. This could potentially lead to a decrease in the stock's price in the short term. The new price target set at $33 also provides a benchmark for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100