Banco Bradesco shares are trading lower after Goldman Sachs downgraded the stock from Neutral to Sell and announced a $3.2 price target.
Portfolio Pulse from Benzinga Newsdesk
Banco Bradesco's stock (BBD) is trading lower following a downgrade from Neutral to Sell by Goldman Sachs, which also set a price target of $3.2.
January 09, 2024 | 3:37 pm
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Goldman Sachs downgraded Banco Bradesco to Sell and set a price target of $3.2, causing the stock to trade lower.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest a bearish outlook on the stock's future performance. The new price target of $3.2 by Goldman Sachs is likely to set a bearish tone for the stock, influencing investor sentiment and potentially leading to a decrease in the stock price.
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IMPORTANCE 90
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