Citi Cuts Price Target on Banco do Brasil Shares
Listen to the story
Citi is a big bank. It looked at Banco do Brasil. Banco do Brasil is a bank in Brazil. Its short name on the stock market is BBAS3.
Citi gave BBAS3 a new label. The label is 'negative catalyst watch'. This means Citi thinks bad news may come soon for this stock.
Citi also cut its price target for BBAS3. A price target is the price Citi thinks the stock will reach. A lower target means less hope for the stock.
Citi also cut its profit forecast for the bank. Profit is the money a company makes. Citi thinks Banco do Brasil will make less money than before.
This is strange news. Banco do Brasil had big profit this year. But its stock price still fell a lot. People want to know why.
Investors now watch Banco do Brasil closely. They want to see if more bad news comes for the stock.
Vocabulary7 words
- label
- a name or word used to describe something
- price target
- the price a bank thinks a stock will reach
- profit
- the money a company makes after costs
- stock
- a small part of a company that people can buy
- forecast
- a guess about what will happen in the future
- investor
- a person who puts money into a company to make more money
- bank
- a company that keeps and lends money
Quiz
Answer key
1. Cut it 2. Citi thinks bad news may come for the stock 3. True
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Citi is a big _____. It looked at Banco do Brasil. Banco do Brasil is a bank in Brazil. Its short name on the stock market is BBAS3.
Citi gave BBAS3 a new _____. The label is 'negative catalyst watch'. This means Citi thinks bad news may come soon for this stock.
Citi also cut its _____ for BBAS3. A price target is the price Citi thinks the stock will reach. A lower target means less hope for the stock.
Citi also cut its _____ forecast for the bank. Profit is the money a company makes. Citi thinks Banco do Brasil will make less money than before.
This is strange news. Banco do Brasil had big profit this year. But its stock _____ still fell a lot. People want to know why.
_____ now watch Banco do Brasil closely. They want to see if more bad news comes for the stock.