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Pershing Square Sinks 12% on Second Downgrade in Two Days as BofA Cuts Target to $38
요약
Key TakeawaysPershing Square shares fell 12% after BofA downgraded the stock to Underperform and cut its price target to $38 from $54. BofA lowered its 2026 to 2028 earnings estimates because of a delay in the PSV launch, and it now values the company more like other asset managers.