'Bolsonaro Leads Lula in Brazil Runoff After First Round Surprise' - Bloomberg
https://www.bloomberg.com/news/articles/2026-10-09/bolsonaro-leads-lula-in-brazil-runoff-after-first-round-surprise
Stocks · News reference
Ambev's stock price experienced a significant decline on October 26, 2026, following the presidential election victory of Luiz Inácio Lula da Silva in Brazil.
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https://www.bloomberg.com/news/articles/2026-10-09/bolsonaro-leads-lula-in-brazil-runoff-after-first-round-surprise
Analysts downgraded PJT, OPCH, CRBU, ABEV , cutting price targets for PJT, CRBU.
B of A Securities analyst Isabella Simonato downgrades Ambev (NYSE:ABEV) from Neutral to Underperform and maintains the price target from $3.3 to $3.3.