Earlier, JPMorgan analyst Yuri Fernandes upgraded Grupo Financiero Galicia (GGAL) to Overweight from Neutral with a price target of $75, up from $46. The firm upped price targets in the Argentina bank space following the favorable election results for La Libertad Avanza in the country’s mid-term elections.
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Read More on GGAL:
- Grupo Financiero Galicia price target raised to $75 from $46 at JPMorgan
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- Grupo Financiero Galicia downgraded to Neutral from Overweight at JPMorgan
- Grupo Financiero put volume heavy and directionally bearish
- Grupo Financiero Galicia Appoints New CEO for Banco de Galicia
