JPMorgan upgraded Cementos Argos (CMTOY) to Overweight from Neutral with a COP 11,000 price target Argos will receive $2.87B from the sale of Summit Materials to Quikrete Holdings, which is equivalent to COP 9,672 for each share of Argos, the analyst tells investors in a research note. The firm says the company is likely to look for opportunities in the U.S., where it can create value for shareholders as it did with this transaction.
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 CMTOY: