🔴 Correios De Portugal is trading 7% down after JB Capital Markets cut target to €8.50

Correios De Portugal is trading at €5.12, down 7.00%, after JB Capital Markets lowered its price target.

• On October 27, JB Capital Markets lowered its target from €9.10 to €8.50 and maintained its “buy” recommendation.
• The same-day report said the shares were down 4.73% at the session’s open and identified the target cut as a specific catalyst. Lisbon’s PSI also opened lower. Trading volume was unavailable in the sources reviewed.