Itau BBA Downgrades Companhia Siderurgica to Underperform, Announces $3 Price Target
Portfolio Pulse from Benzinga Newsdesk
Itau BBA analyst Daniel Sasson downgraded Companhia Siderurgica (NYSE:SID) from Market Perform to Underperform with a new price target of $3.

April 04, 2024 | 8:45 am
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Companhia Siderurgica was downgraded by Itau BBA from Market Perform to Underperform with a price target of $3.
The downgrade from Market Perform to Underperform by a notable analyst, along with the setting of a new, lower price target, is likely to negatively impact investor sentiment and the stock price of Companhia Siderurgica in the short term. Analyst ratings often influence market perceptions and can lead to price adjustments.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100