BofA upgrades TIM stock rating on valuation after 15% decline
BofA upgraded TIM S.A. (TIMB) to Neutral, lowering its price target to $22.00. TIM shares fell 15% YTD, trading at $18.33. BofA also upgraded Vivo to Neutral. TIM's Q2 2026 revenue was $1.36B, beating estimates, but EPS missed. The firm sees balanced risk-reward but notes competitive uncertainty.






