Banco Bradesco shares are trading lower after Goldman Sachs maintained a Sell rating on the stock and lowered its price target from $3.2 to $2.8.
Portfolio Pulse from Benzinga Newsdesk
Banco Bradesco's stock is trading lower following Goldman Sachs' decision to maintain a Sell rating and reduce its price target from $3.2 to $2.8.
February 08, 2024 | 8:35 pm
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NEGATIVE IMPACT
Banco Bradesco's stock price is expected to face downward pressure in the short term due to Goldman Sachs maintaining a Sell rating and lowering the price target.
The reduction in price target and the maintenance of a Sell rating by a prominent financial institution like Goldman Sachs can significantly influence investor sentiment and stock price. Given the direct impact of such analyst actions, a negative short-term price movement is likely.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100