Goldman Sachs Maintains Neutral on Ultrapar Participacoes, Raises Price Target to $5.3
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Bruno Amorim has maintained a Neutral rating on Ultrapar Participacoes (NYSE:UGP) and increased the price target from $4.6 to $5.3.
December 13, 2023 | 2:31 pm
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POSITIVE IMPACT
Goldman Sachs analyst Bruno Amorim maintains a Neutral rating on Ultrapar Participacoes and raises the price target from $4.6 to $5.3.
The increase in price target by Goldman Sachs suggests a positive outlook on the stock's value, which could lead to increased investor interest and a potential short-term rise in stock price. However, the Neutral rating indicates that the stock is not expected to outperform the market, tempering the impact of the price target raise.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100