Decisions of the Board of Directors of Ecopetrol S.A.

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Go back to Decisions of the Board of Directors of Ecopetrol S.A.

Ecopetrol SA (EC) PT Lowered to $6.80 at Jefferies

December 2, 2024 4:58 AM EST

Jefferies analyst Alejandro Demichelis lowered the price target on Ecopetrol SA (NYSE: EC) to $6.80 (from $7.50) while maintaining a Underperform rating.

The analyst comments "ECs 2025 guidance looks uninspiring to us albeit in-line with 3Q24 results indications. 2025 prod is set to drop 1% YoY with capex... More