Shares of Braskem SA, the Brazilian petrochemical company, saw a sharp decline of 5.01% on Monday, closing lower amid an analyst downgrade and price target cut.
According to reports, Scotiabank downgraded Braskem from Outperform to Sector Perform, citing unfavorable metrics for the company. The investment bank also lowered its price target on Braskem's stock from R$28 to R$22, reflecting a more pessimistic outlook.
Analyst downgrades and price target reductions often have a significant impact on investor sentiment and can contribute to stock price declines. Braskem's shares reacted negatively to the news, plummeting during Monday's intraday trading session.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。