Bradesco Downgraded by JPMorgan, Price Target Cut 30% on Credit Deterioration

JPMorgan downgraded Bradesco (BBDC4) and cut its price target by nearly 30%, citing slowing credit growth, worsening delinquency, and lower shareholder returns expected by 2027. This follows a similar downgrade by Itaú BBA, signaling a deteriorating outlook for Brazil's banking sector.

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