Barclays Maintains Equal-Weight on TIM, Raises Price Target to $19.4
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Mathieu Robilliard has maintained an Equal-Weight rating on TIM (NYSE:TIMB) and increased the price target from $18 to $19.4.
December 07, 2023 | 11:48 am
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POSITIVE IMPACT
Barclays has maintained an Equal-Weight rating on TIM and raised the price target to $19.4, indicating a positive outlook on the stock.
The increase in price target by Barclays reflects a positive adjustment in the valuation of TIM, which could lead to increased investor interest and a potential short-term rise in the stock price. The Equal-Weight rating suggests that Barclays views the stock as fairly valued at the moment, but the raised target indicates an expectation of some growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100