Goldman Sachs Downgrades Ultrapar Participacoes to Neutral, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Bruno Amorim has downgraded Ultrapar Participacoes (NYSE:UGP) from Buy to Neutral and lowered the price target from $4.5 to $4.
September 13, 2023 | 8:23 am
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Ultrapar Participacoes has been downgraded from Buy to Neutral by Goldman Sachs, with a lowered price target of $4.
The downgrade from Buy to Neutral by Goldman Sachs indicates a less optimistic outlook for Ultrapar Participacoes. The lowered price target from $4.5 to $4 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100