Itaú BBA cuts Ibovespa projection to 94,000 points

Itaú BBA cut its projection for the Ibovespa at the end of 2020 from 132 thousand points to 94 thousand points following the path of other financial institutions such as Morgan Stanley, which in the last week reduced its forecast for the main B3 index of 125 thousand points to 85 thousand points. If the scenario were to materialize, the revised value would correspond to an appreciation of 35.27% over the current benchmark level.

Source: Infomoney