Citi analyst Brian Flores upgraded Grupo Financiero Galicia (GGAL) to Buy from Neutral with a price target of ARS 11,300, up from ARS 5,500. The firm upgraded the Argentine banks, saying the election outcome reduced risk and could drive a “virtuous credit cycle.” Citi sees share upsides on the banks’ growth opportunities and lack of political obstacles ahead of the 2027 elections.
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 GGAL:
- Grupo Financiero Galicia Announces Fifth Dividend Payment for FY 2024
- Grupo Financiero Galicia upgraded to Overweight from Neutral at JPMorgan
- Grupo Financiero Galicia price target raised to $75 from $46 at JPMorgan
- As Argentinian Stocks Skyrocket on Milei’s Win, Here Are 5 Stocks to Watch
- Grupo Financiero Galicia downgraded to Neutral from Overweight at JPMorgan