Banco Bradesco downgraded to Neutral from Buy at Citi
The Fly

Banco Bradesco downgraded to Neutral from Buy at Citi

Citi analyst Rafael Frade downgraded Banco Bradesco to Neutral from Buy with a price target of R$19, down from R$23, as he is reducing his 2022 and 2023 earnings after the company "surprised" in Q3, not only with a large increase in provisions, but with an indication that Q4 should be even worse.

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on BBD:

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App