Goldman Sachs Downgrades BanColombia to Sell, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Tito Labarta has downgraded BanColombia (NYSE:CIB) from Neutral to Sell and reduced the price target from $34 to $32.
August 20, 2024 | 9:31 am
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NEGATIVE IMPACT
Goldman Sachs has downgraded BanColombia from Neutral to Sell, with a reduced price target of $32, indicating a negative outlook.
The downgrade from Neutral to Sell by a major financial institution like Goldman Sachs is likely to negatively impact investor sentiment and the stock price of BanColombia. The lowered price target from $34 to $32 further supports a bearish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100