Barclays Maintains Equal-Weight on Telefonica Brasil, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Mathieu Robilliard maintains an Equal-Weight rating on Telefonica Brasil (NYSE:VIV) and lowers the price target from $13 to $12.

May 09, 2024 | 3:40 pm
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NEGATIVE IMPACT
Barclays maintains an Equal-Weight rating on Telefonica Brasil and lowers the price target from $13 to $12.
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 VIV's stock price. The maintenance of an Equal-Weight rating indicates that the analyst sees the stock as fairly valued at its current price, but the lowered price target suggests a reduced growth outlook or potential risks that could impact the stock's performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100