# BofA Securities Downgrades Pershing Square to Underperform By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/31137 Published: 2026-10-13T12:48:43.000Z Updated: 2026-10-13T12:48:43.000Z Section: Investing > The bank cut its price target to $38 from $54 as shares fell 4.06% in premarket trading Tuesday. BofA Securities downgraded Pershing Square Inc. (PS) to Underperform from Neutral and lowered its price target to $38 from $54, adding pressure to the investment firm’s shares before Tuesday’s U.S. session. PS shares were down 4.06% at $52.02 in premarket trading Tuesday. The move followed a [previous downgrade by Citi](), which cut Pershing Square to Sell/High Risk from Neutral/High Risk. BofA’s revised target is below the premarket share price. ## Links in this article - [previous downgrade by Citi](https://www.tokenpost.com/news/investing/28940)