Citi raised the firm’s price target on Transportadora de Gas del Sur (TGS) to $40 from $35 and keeps a Buy rating on the shares. The firm also added an “upside 90-day catalyst watch” on Transportadora de Gas del Sur. Citi expects the Gasoducto Perito Moreno project to be awarded over the next couple of months. The firm is more constructive on Argentina energy after the country reached a deal with the International Monetary Fund, even in an environment of lower oil prices.
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