Bradesco downgraded Ecopetrol S.A. (EC) to Underperform on February 04, 2026. The EC analyst rating shift came with a new price target of $12.00, and the call follows recent macro and sector pressures. Investors saw a 4.11% ($0.49) move since the note, reflecting immediate market reaction. Meyka AI’s real-time tracking flagged this downgrade as material for holders given Ecopetrol’s size and recent earnings rhythm.
Downgrade details: EC analyst rating and price target
Bradesco BBI cut Ecopetrol to Underperform from Outperform on February 04, 2026 and set a $12.00 price target, per StreetInsider. The firm cited weaker commodity assumptions and country-specific risks in its note. This EC analyst rating change is explicit and tied to updated cash flow and risk assumptions.
Analyst view from Bradesco on Ecopetrol S.A. analyst rating
Bradesco’s analyst Murilo Riccini lowered expectations based on revised oil price curves and fiscal exposure. The note singled out margin pressure and upstream capex needs as drivers behind the downgrade. Bradesco’s stance matters because it had previously rated EC as Outperform, increasing the signal for some institutional holders.
Market reaction and stock movement after the EC downgrade
Market pricing moved about 4.11% ($0.49) following the downgrade. The change translated into immediate trading repricing for Ecopetrol ADRs, and volumes spiked on the note release window. Short-term trading is likely to remain sensitive to follow-up analyst commentary and macro data.
Historical context for EC analyst rating and coverage
Analyst coverage on Ecopetrol has varied between Outperform and Hold across global firms over the past two years. Bradesco’s downgrade updates a recent pattern of more conservative forecasts from Wall Street and regional banks. Historical downgrades have correlated with weaker quarterly oil realizations and FX shifts.
What the EC downgrade means for investors and price targets
A downgrade to Underperform signals that Bradesco expects returns below peers and market benchmarks in the next 12 months. Retail and institutional investors should weigh the $12.00 target against portfolio concentration and dividend policy. The downgrade does not force a sale, but it raises the bar for new inflows into EC positions.
Meyka assessment and next steps for EC analyst rating monitoring
Meyka AI rates EC with a grade of B+ and factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. We recommend tracking follow-up notes and quarterlies, and using position sizing to manage exposure. For real-time updates see Ecopetrol coverage on Meyka and the primary analyst sources below.
Final Thoughts
Bradesco’s February 04, 2026 downgrade of Ecopetrol S.A. (EC) to Underperform and the accompanying $12.00 price target tighten downside visibility for the stock. The EC analyst rating change compresses expected returns and highlights commodity and fiscal risks that analysts now price in. Investors should compare the new target to current market levels and reassess position sizing, especially if dividend income is a portfolio motive. Historical coverage shows ratings for Ecopetrol swing with oil realizations and local policy developments, so follow-up commentary from other banks is likely to influence near-term price action. Meyka AI rates EC with a grade of B+, a composite that balances recent analyst downgrades with stable fundamentals and sector peer performance. These grades are not guarantees and we are not financial advisors. Track the cited analyst notes and quarterly reports before making trading decisions.
FAQs
What did Bradesco change in the EC analyst rating on Feb 04 2026?
Bradesco downgraded Ecopetrol S.A. (EC) from Outperform to Underperform on February 04, 2026 and set a $12.00 price target. The note cited weaker commodity outlooks and fiscal exposure as reasons.
How did the market react to the EC downgrade?
The downgrade corresponded with about a 4.11% ($0.49) price move and higher volume as traders adjusted positions. Short-term volatility is expected after the EC analyst rating update.
What does an Underperform EC downgrade mean for investors?
An Underperform rating signals expected returns below peers. Investors should reassess risk, compare the $12.00 target to current price, and consider position sizing and income needs.
How does Meyka view the EC analyst rating change?
Meyka AI rates EC B+, noting the downgrade matters but balances it with sector performance and financial metrics. This grade factors multiple inputs and is not investment advice.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Analyst ratings are opinions and not guarantees of future performance. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
