Broker Recommendations

06-04 Citigroup Downgrades Ecopetrol to Neutral From Buy, Raise Price Target to $18 From $14 MT
05-05 UBS Adjusts Price Target on Ecopetrol to $13.50 From $10, Maintains Neutral Rating MT
18/02/25 Citigroup Upgrades Ecopetrol to Buy From Neutral, Adjusts Price Target to $14 From $9 MT
13/02/25 JPMorgan Upgrades Ecopetrol to Neutral From Underweight, Raises Price Target to $9.50 From $7.50 MT
30/01/25 Bradesco Upgrades Ecopetrol to Outperform From Neutral, $12 Price Target MT
25/09/24 JPMorgan Downgrades Ecopetrol S.A to Underweight From Neutral, Adjusts Price Target to $8.50 From $12 MT
18/04/24 Goldman Sachs Raises Price Target on Ecopetrol to $11.90 From $10.30, Maintains Neutral Rating MT
21/03/24 Goldman Sachs Adjusts Ecopetrol's Price Target to $10.30 From $12, Maintains Neutral Rating MT
21/09/23 Jefferies Starts Ecopetrol at Underperform With $11.20 Price Target MT
13/09/23 Citigroup Downgrades Ecopetrol to Neutral From Buy, Price Target is $12.50 MT
23/08/23 BofA Securities Reinstates Ecopetrol at Neutral With $11.50 Price Target MT
18/08/23 Goldman Sachs Adjusts Price Target on Ecopetrol to $13.90 From $12.50, Maintains Neutral Rating MT
28/06/23 Goldman Sachs Raises Price Target on Ecopetrol to $12.50 From $10.40, Keeps Neutral Rating MT
19/05/23 UBS Adjusts Ecopetrol's Price Target to $11 From $12, Maintains Neutral Rating MT
23/03/23 UBS Adjusts Ecopetrol S.A Price Target to $12 From $13, Maintains Neutral Rating MT
15/03/23 Goldman Sachs Adjusts Price Target on Ecopetrol to $11 From $12.40, Maintains Neutral Rating MT
09/02/23 UBS Downgrades Ecopetrol to Neutral From Buy, $13 Price Target MT
27/01/23 Goldman Sachs Raises Price Target on Ecopetrol to $12.40 From $10.30, Maintains Neutral Rating MT
21/12/22 UBS Adjusts Price Target on Ecopetrol to $13 From $14, Maintains Buy Rating MT
02/03/22 Morgan Stanley Downgrades Ecopetrol to Equalweight From Overweight, Sets Price Target at $18 MT
16/12/21 Goldman Sachs Downgrades Ecopetrol to Neutral From Buy MT
29/11/21 JPMorgan Upgrades Ecopetrol to Neutral From Underweight; Price Target is $16.50 MT
17/05/21 ECOPETROL S A : UBS Adjusts Ecopetrol's Price Target to $13 From $15, Maintains Neutral Rating MT
15/03/21 ECOPETROL S A : BofA Securities Upgrades Ecopetrol SA to Buy From Underperform; Price Target is $16.50 MT
15/03/21 ECOPETROL S A : Morgan Stanley Upgrades Ecopetrol to Overweight From Equal-Weight, Adjusts Price Target to $18.40 From $14 MT
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