JPMorgan Cuts Banco do Brasil Profit Forecast, Lowers Price Target to R$22

JPMorgan reduced its profit forecast for Banco do Brasil and cut its December 2027 price target from R$24 to R$22, signaling a more cautious outlook on the bank's earnings. The revision likely reflects expectations of weaker credit performance or margin pressure, though specific drivers are not detailed. This is a single-analyst adjustment, not a systemic signal, but it may weigh on sentiment for the stock.