JPMorgan downgraded Grupo Supervielle (SUPV) to Underweight from Neutral with a price target of $5, down from $15. The firm has moved to a “more defensive stance” on the Argentine banks ahead of this weekend’s elections. JPMorgan favors more liquid large cap names in this environment with higher capital ratios than Grupo Supervielle.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SUPV:
- Grupo Supervielle Announces Cancellation of Class B Treasury Shares
- Grupo Supervielle, Banco Marco, Grupo Financiero Galicia cut to Neutral at Citi
- Grupo Supervielle downgraded to Neutral from Buy at Citi
- Grupo Supervielle Reports Strong Asset Growth in H1 2025
- Grupo Supervielle’s Earnings Call: Growth Amid Challenges