JP Morgan Downgrades United Breweries Co to Underweight, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Lucas Ferreira has downgraded United Breweries Co (NYSE:CCU) from Overweight to Underweight and lowered the price target from $21 to $10.
August 08, 2024 | 10:56 am
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JP Morgan analyst Lucas Ferreira downgraded United Breweries Co (NYSE:CCU) from Overweight to Underweight and reduced the price target from $21 to $10.
The downgrade from Overweight to Underweight and the significant reduction in the price target from $21 to $10 by a major financial institution like JP Morgan is likely to negatively impact investor sentiment and lead to a short-term decline in CCU's stock price.
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IMPORTANCE 90
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