BB Seguridade (BBSEY) Downgraded to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of BB Seguridade (OTCMKTS:BBSEY) from an overweight rating to a neutral rating in a report released on Tuesday, The Fly reports.

Shares of OTCMKTS BBSEY opened at $7.41 on Tuesday.

About BB Seguridade

BB Seguridade Participações SA provides insurance, pension plans, premium bonds, and brokerage services in Brazil. It operates in two segments, Insurance and Brokerage. The Insurance segment offers life, property, vehicle, rural, special risks and financial, transport, hooves, and housing insurance. This segment also provides private pension, dental, and capitalization plans, as well as reinsurance products.

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