Goldman Sachs Maintains Neutral on Ecopetrol, Lowers Price Target to $9.5
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Bruno Amorim maintains a Neutral rating on Ecopetrol (NYSE:EC) and lowers the price target from $11 to $9.5.
September 24, 2024 | 2:33 pm
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NEGATIVE IMPACT
Goldman Sachs has maintained a Neutral rating on Ecopetrol but lowered the price target from $11 to $9.5, indicating a less optimistic outlook.
The lowering of the price target by Goldman Sachs suggests a less optimistic view on Ecopetrol's future performance, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100