Citi BB Seguridade Sell Rating Sees Up to 55 Percent Downside
BRAZIL · BUSINESS Key Facts —The call: The Citi BB Seguridade sell rating is new: the US bank cut Brazil’s largest insurance holding from neutral to sell and trimmed its price target from 36 to 35 reais (US$6.86). —The scenarios: Citi’s bull case values the stock at 45 reais (US$8.82), barely 6% above the market; […] The post Citi BB Seguridade Sell Rating Sees Up to 55 Percent Downside appeared…
We haven't written up this one. The Rio Times has the full story — the link below goes straight to it.
