Barclays Maintains Equal-Weight on TIM, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Mathieu Robilliard maintains an Equal-Weight rating on TIM (NYSE:TIMB) and lowers the price target from $20 to $19.

May 08, 2024 | 6:59 pm
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Barclays maintains an Equal-Weight rating on TIM and lowers the price target from $20 to $19.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in TIM's stock price. The Equal-Weight rating suggests that the analyst views the stock as adequately valued at its current price, but the lowered price target indicates a revised expectation of the stock's future performance.
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IMPORTANCE 80
RELEVANCE 100