Goldman Sachs Upgrades BRF to Neutral, Raises Price Target to $3.1
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Thiago Bortoluci upgrades BRF (NYSE:BRFS) from Sell to Neutral and raises the price target from $1.9 to $3.1, indicating a more favorable outlook on the company's stock.
April 15, 2024 | 1:26 pm
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Goldman Sachs upgrades BRF to Neutral from Sell and increases the price target to $3.1, suggesting an improved outlook for the stock.
The upgrade from Sell to Neutral by a prominent analyst at Goldman Sachs, along with a significant raise in the price target, suggests a positive reassessment of BRF's market position and future prospects. This could lead to increased investor confidence and potentially drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100