Goldman Sachs Downgrades Bank Bradesco to Sell, Announces $3.2 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Tito Labarta downgraded Bank Bradesco (NYSE:BBD) from Neutral to Sell and set a price target of $3.2.
January 09, 2024 | 12:36 pm
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Goldman Sachs downgraded Bank Bradesco to Sell and set a price target of $3.2, indicating a bearish outlook on the stock.
Downgrades by major analysts like Goldman Sachs can significantly influence market perception and investor sentiment, often leading to a decrease in the stock's price in the short term. The new price target of $3.2 suggests a negative outlook for Bank Bradesco's stock value.
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