Adecoagro S A (AGRO)

Shares of Adecoagro S.A. (AGRO) dropped by 13.00% from $12.00 to $10.44 in the trading on Friday, December 8, 2023. The reason why is AGRO down today is due to a downgrade in the company's outlook by JP Morgan. The company is downgraded from Neutral to Underweight, and lowered the price target from $11.5 to $10.5 on December 8, 2023. This downgrade from a major financial institution likely had a substantial impact on AGRO's stock price, leading to the decline.