HSBC Downgrades Pampa Energia to Reduce, Announces $30 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Lilyanna Yang has downgraded Pampa Energia (NYSE:PAM) from Hold to Reduce and set a price target of $30.
September 07, 2023 | 9:41 am
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HSBC has downgraded Pampa Energia (PAM) to Reduce from Hold and set a price target of $30.
The downgrade from HSBC is a negative signal for Pampa Energia. It suggests that the analyst believes the stock is overvalued at current levels. The $30 price target also indicates that the analyst sees downside potential in the stock. This could lead to selling pressure in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100