Citigroup Downgrades Inter & Co to Neutral, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Rafael Frade downgraded Inter & Co (NASDAQ:INTR) from Buy to Neutral and reduced the price target from $6.3 to $6.

February 16, 2024 | 11:23 am
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NEGATIVE IMPACT
Citigroup downgraded Inter & Co to Neutral and lowered its price target to $6.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest a less optimistic outlook on the company's future performance. The reduction in the price target further emphasizes the analyst's lowered expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100