Itau Unibanco shares are trading lower after UBS downgraded the stock from Buy to Neutral.
Portfolio Pulse from Benzinga Newsdesk
Itau Unibanco shares fell after UBS downgraded the stock from Buy to Neutral.

August 22, 2024 | 1:40 pm
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NEGATIVE IMPACT
UBS downgraded Itau Unibanco from Buy to Neutral, leading to a decline in its stock price.
The downgrade by UBS from Buy to Neutral is a significant factor that typically leads to a negative short-term impact on the stock price, as it suggests a less optimistic outlook from a major financial institution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100