O Ibovespa operates on a high this Tuesday (6), digesting data from the IGP-DI and car production, while awaiting the Extended Consumer Price Index (IPCA) and expects a deceleration of inflation.
Around 13:00, the actions of the Blue (BLUE4) and the Goal (GOLL4) were bullish highlights, advancing 9.25% and 7.46%, respectively.
Citi bank raised its recommendation for airline ADRs this Tuesday, in addition to the target prices, with Azul going from US$ 17 to US$ 20.5, while Gol’s went from US$ 6.75 to US$ $7.75.
GET TO KNOW THE LIVE Giro do Mercado: From Monday to Friday at 12:00 pm, we will be LIVE on the Money Times Youtube channel, bringing you the hottest news of the day and valuable insights for your investments. We wait for you!
A CVC (CVCB3) followed the upward movement seen the day before and advances 5.01%, after the announcement of the contribution of BRL 75 million with the manager GJP.
On the negative side of the Ibovespa, the shares of sky (CIEL3) plummeted 4.24% in the trading session. JPMorgan analysts cut the recommendation for the stock from “overweight” to “neutral” and reduced the target price for December 2023 from BRL 8 to BRL 6.
In addition, the roles linked to the Brent oil also operated in decline, while the commodity lost 0.8%, traded at US$ 76.10. A Prio (PRIO3) fell by 1.58%, while the 3R Petroleum (RRRP3) retreated 0.25%.
Source: Moneytimes
I am an author and journalist with a focus on market news. I have worked for a global news website for the past two years, writing articles on a range of topics relating to the stock market. My work has been published in international publications and I have delivered talks at both academic institutions and business conferences around the world.