Patria Investments is trading 5% down at $10.62 after BofA Securities downgraded the stock to Underperform from Neutral and cut its price target from $14 to $10 on September 9, 2026.
- BofA cited softer private-equity returns, slowing macroeconomic conditions, lower comparable-company valuations, and reduced earnings estimates.
- The broader market is also weaker, but the analyst action is the clearest catalyst.
- No reliable volume data was available.