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Intercorp Financial price target raised to $43 from $40 at BofA

BofA raised the firm’s price target on Intercorp Financial (IFS) to $43 from $40 and keeps a Buy rating on the shares after Q1 results exceeded expectations and the insurance unit “took the spotlight.” After a “strong” Q1 earnings beat, the firm believes the earnings recovery is on track, the analyst tells investors.

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