Goldman Sachs Maintains Neutral on Ultrapar Participacoes, Lowers Price Target to $5.2
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Bruno Amorim maintains a Neutral rating on Ultrapar Participacoes (NYSE:UGP) and lowers the price target from $5.9 to $5.2.
July 23, 2024 | 1:00 pm
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Goldman Sachs has maintained a Neutral rating on Ultrapar Participacoes and lowered the price target from $5.9 to $5.2, indicating a cautious outlook.
The lowered price target from $5.9 to $5.2 by Goldman Sachs suggests a less optimistic view on Ultrapar Participacoes' future performance, which could lead to a short-term negative impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100