UBS Upgrades Braskem to Buy, Raises Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Luiz Carvalho has upgraded Braskem (NYSE:BAK) from Neutral to Buy, raising the price target from $7.7 to $10.
September 18, 2024 | 1:11 pm
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UBS has upgraded Braskem from Neutral to Buy, increasing the price target from $7.7 to $10, indicating a positive outlook on the stock.
The upgrade from Neutral to Buy by UBS, along with a raised price target, suggests increased confidence in Braskem's future performance. This is likely to positively influence investor sentiment and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100