Itaú BBA cuts Ibovespa projection to 90,000 points in 2020

Itaú BBA’s strategy team cut the projection for the Ibovespa from 94 thousand points to 90 thousand points, after having more drastically reduced expectations on March 24 for the stock market benchmark from 132 thousand to 94 thousand points. However, it is worth noting that this target still represents a positive variation of 13.93% compared to Friday’s closing (17).

Source: Infomoney