topstockalerts
Oct 13, 2:15 PM
BofA Securities upgraded TIM Participacoes’ ADR from Underperform to Neutral, removing one of the stock’s few outright bearish ratings, while lowering its price target to
$22 from
$24. The revision reflects a more balanced risk-reward outlook rather than a strongly bullish view. The upgrade leaves TIMB with 2 Buy, 6 Hold, and no Sell ratings, potentially easing institutional selling pressure. The stock had fallen approximately 5.5% over the past month and more than 13% over the past year, trading near its 52-week low of
$17.14 before rebounding.
Shares rose 1.78% to
$18.30 as investors reassessed the company’s outlook ahead of its November 3, 2026, earnings report. Brazil’s B3 exchange reopened after Monday’s holiday, following a 1.38% Friday gain in the Ibovespa to 209,066.90 points. Global market conditions remained mixed, with the Dow Jones edging higher while the S&P 500 and Nasdaq declined.
$TIMB $BAC
