Morgan Stanley Downgrades Telefonica Brasil to Equal-Weight, Announces $11 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Cesar Medina downgraded Telefonica Brasil (NYSE:VIV) from Overweight to Equal-Weight and set a price target of $11.
January 05, 2024 | 11:50 am
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Telefonica Brasil downgraded by Morgan Stanley from Overweight to Equal-Weight with a price target of $11.
Downgrades by major analysts like Morgan Stanley can lead to a negative perception among investors, potentially causing a short-term decline in the stock's price. The new price target of $11 may also influence market expectations and trading behavior.
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