JP Morgan Maintains Underweight on BanColombia, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Yuri Fernandes maintains an Underweight rating on BanColombia (NYSE:CIB) and lowers the price target from $36 to $35.
August 12, 2024 | 2:30 pm
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JP Morgan analyst Yuri Fernandes maintains an Underweight rating on BanColombia and lowers the price target from $36 to $35.
The Underweight rating and lowered price target from a major financial institution like JP Morgan is likely to negatively impact investor sentiment and short-term stock price of BanColombia.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100