Grupo Supervielle SA (SUPV) has received a new Hold rating, initiated by UBS analyst, Kaio Da Prato.
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Kaio Da Prato has given his Hold rating due to a combination of factors including the potential for growth in Argentina’s credit market and the current valuation of Grupo Supervielle SA. While there is an opportunity for the company to expand its retail credit portfolio and improve efficiency, there are also short-term challenges such as pressure on margins, growth, and asset quality, coupled with a relatively low capitalization ratio that may restrict growth.
Despite these challenges, the current valuation of the stock, which is trading at a discount compared to its peers, does not suggest significant upside potential at this time. Additionally, macroeconomic factors in Argentina, such as currency instability and high interest rates, add to the uncertainty. However, recent political developments could lead to macro stabilization and structural growth in the banking sector, which supports the Hold rating.
According to TipRanks, Da Prato is ranked #1308 out of 10073 analysts.