Pershing Square Shares Fall 11.62% After BofA Downgrade
Pershing Square fell 11.62% as of 12:45 p.m. ET after BofA Securities downgraded the stock to Underperform from Neutral and cut its price target to $38 from $54.
m. ET. The decline followed a BofA Securities downgrade from Neutral to Underperform and a reduction in its price target from $54 to $38. BofA said Pershing Square is underperforming in 2026 after three…