UBS initiated coverage of Banco BBVA Argentina (BBAR) with a Neutral rating and $18 price target The firm believes the Argentine banking sector is at an “inflection point” after years of inflation, tight capital controls, and negative real interest rates. UBS is taking a “somewhat conservative approach” on the group, putting its only Buy rating on Banco Macro due to its better capital position, “resilient” franchise and potentially lower credit quality risk.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BBAR:
- Banco BBVA Argentina Announces Sixth Dividend Payment Installment
- Banco BBVA Argentina initiated with a Sell at Goldman Sachs
- BBVA Argentina Gains Approval for Strategic Acquisition
- Banco BBVA Argentina upgraded to Buy from Neutral at Citi
- Banco BBVA Argentina upgraded to Outperform from Market Perform at Itau BBA