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.

Analyst Ratings

Downgraded to Underperform: Ecopetrol S.A. (EC) Feb 04 2026 by Bradesco

ByDanny Kontos February 5, 2026February 5, 2026

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.