Maktubhelou

    • MaktubhelouMaktubhelou
      ·11-23
      Yep. My concern is a bunch of American investors who've never even seen Grab will be further spooked.

      BofA Double Downgrades Grab to Underperform After 70% Rally

      BofA downgraded Grab Holdings to Underperform from Buy with an unchanged price target of $4.90.The shares are up 70% since September 1, which fully prices in Grab’s improving fundamentals, the analyst tells investors in a research note.The firm believes the stock’s risk/reward is now skewed to the downside as it sees a slower pace of margin uptake ahead. It sees risks for Grab from increasing competition in mobility.Grab shares sank 9.3% in morning trading.
      BofA Double Downgrades Grab to Underperform After 70% Rally
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