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11.03
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Why is Adecoagro S A (AGRO) Stock down?
We've noticed a 5.12% decline in Adecoagro S A (AGRO) stock during the 2024-11-14 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
08 Dec, 2023:
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.
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