BTG Pactual analyst Eduardo Rosman downgraded Banco Bradesco to Neutral from Buy with a R$21 price target. While o investors were increasingly bracing for an earnings miss in Q3, "we still believe the disappointment will be big," Rosman tells investors in a research note. The analyst says the asset quality was "the main source of bad news."
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on BBD: