JPMorgan analyst Yuri Fernandes downgraded Grupo Aval to Underweight from Neutral without a price target. After a “lackluster” Q2 report, the firm has concerns on asset quality trends ahead. Aval is a “cheap financial conglomerate but with no catalyst,” the analyst tells investors in a research note. The firm sees a challenging 2024 for the bank.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the 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>>
See the top stocks recommended by analysts >>
Read More on AVAL: