Braskem SA shares are trading lower after JP Morgan lowered its price target on the stock from $10 to $9.5.
Portfolio Pulse from Benzinga Newsdesk
Braskem SA shares are trading lower following JP Morgan's decision to lower its price target from $10 to $9.5.
September 10, 2024 | 6:19 pm
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NEGATIVE IMPACT
Braskem SA's stock, listed as BAK in the US, is experiencing a decline after JP Morgan reduced its price target from $10 to $9.5.
The reduction in the price target by a major financial institution like JP Morgan is likely to negatively impact investor sentiment, leading to a short-term decline in Braskem's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100