JP Morgan Maintains Neutral on Braskem, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Ricardo Rezende maintains a Neutral rating on Braskem (NYSE:BAK) but lowers the price target from $11 to $10.
May 24, 2024 | 2:28 pm
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JP Morgan analyst Ricardo Rezende maintains a Neutral rating on Braskem but lowers the price target from $11 to $10. This suggests a cautious outlook on the stock's performance.
The lowered price target from $11 to $10 indicates a less optimistic view on Braskem's future performance, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100