JP Morgan Maintains Underweight on Ecopetrol, Lowers Price Target to $7.5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rodolfo Angele has maintained an Underweight rating on Ecopetrol (NYSE:EC) and lowered the price target from $8.5 to $7.5.
October 30, 2024 | 4:49 pm
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NEGATIVE IMPACT
JP Morgan has maintained an Underweight rating on Ecopetrol and reduced the price target from $8.5 to $7.5, indicating a bearish outlook.
The reduction in price target from $8.5 to $7.5 by JP Morgan suggests a negative outlook on Ecopetrol's stock performance. Maintaining an Underweight rating further indicates that the analyst expects the stock to underperform relative to the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100