B of A Securities Upgrades Loma Negra Cia Industria to Neutral, Raises Price Target to $8.1
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Carlos Peyrelongue upgrades Loma Negra Cia Industria (LOMA) from Underperform to Neutral and raises the price target from $7.1 to $8.1.
April 08, 2024 | 4:41 pm
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POSITIVE IMPACT
Loma Negra Cia Industria's stock rating was upgraded from Underperform to Neutral by B of A Securities, with a raised price target from $7.1 to $8.1.
Upgrades in stock ratings and increases in price targets generally lead to positive investor sentiment and can result in a short-term increase in stock price. The upgrade from Underperform to Neutral suggests a significant improvement in the analyst's view of the company's prospects, potentially leading to increased investor interest and stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100