Jefferies Initiates Coverage On Ecopetrol with Underperform Rating, Announces Price Target of $11.2
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Alejandro Demichelis has initiated coverage on Ecopetrol (NYSE:EC) with an Underperform rating and a price target of $11.2.
September 21, 2023 | 9:53 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ecopetrol has been given an Underperform rating by Jefferies with a price target of $11.2.
The Underperform rating from Jefferies indicates that the analyst expects Ecopetrol's stock to do worse than the market average. This could potentially lead to a decrease in the stock's price in the short term. The price target of $11.2 also provides a benchmark that the analyst believes the stock will reach, which could influence investor sentiment and trading behavior.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100