HSBC Upgrades BBB Foods to Hold, Announces $31 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Daniela Bretthauer has upgraded BBB Foods (NYSE:TBBB) from Reduce to Hold, setting a price target of $31.
August 23, 2024 | 9:31 am
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HSBC has upgraded BBB Foods from Reduce to Hold, with a new price target of $31, indicating a more positive outlook on the stock.
The upgrade from Reduce to Hold by HSBC suggests a more favorable view of BBB Foods' stock, which could lead to increased investor confidence and potentially a positive impact on the stock price. The $31 price target provides a specific valuation benchmark.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100