🔴 BB Seguridade is trading 3.16% down today after Citi cut its recommendation to sell

BB Seguridade is trading 3.16% down now at $39.90 after Citi cut its recommendation from neutral to sell on September 10.

• Citi warned that future contract renewals could require significant economic concessions and lowered its target price from R$36 to R$35.
• Reuters reported the shares down 2.04% around 11:00 a.m. on September 11, while the Ibovespa was also down 0.54%.