B of A Securities Downgrades Sendas Distribuidora to Neutral, Announces $9.1 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Sendas Distribuidora (NYSE:ASAI) from Buy to Neutral, setting a price target of $9.1.
September 13, 2024 | 4:23 pm
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NEGATIVE IMPACT
B of A Securities downgraded Sendas Distribuidora from Buy to Neutral, with a new price target of $9.1, indicating a less optimistic outlook.
The downgrade from Buy to Neutral by a major analyst like B of A Securities typically suggests a less favorable view on the stock's short-term performance. The new price target of $9.1 may lead to a negative sentiment among investors, potentially causing a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100