JP Morgan Maintains Neutral on Braskem, Lowers Price Target to $9.5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Ricardo Rezende maintains a Neutral rating on Braskem (NYSE:BAK) and lowers the price target from $10 to $9.5.

September 10, 2024 | 2:56 pm
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JP Morgan has maintained its Neutral rating on Braskem but lowered the price target from $10 to $9.5, indicating a slightly bearish outlook.
The lowering of the price target from $10 to $9.5 by JP Morgan suggests a slightly negative outlook on Braskem's stock performance. Maintaining a Neutral rating indicates no strong buy or sell recommendation, but the reduced target price could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100