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.
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