Goldman Sachs downgraded Banco Bradesco to Sell from Neutral with a price target of $3.20, up from $2.90. The analyst thinks the bank’s structural issues may persist, limiting its ability to recover profitability. Bradesco’s return on equity is likely to remain well below historical levels, As previously reported,
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
