Barclays analyst Tavy Rosner double upgraded Mizrahi Tefahot Bank to Overweight from Underweight with an unchanged price target of ILS 160. The analyst consolidated domestic Israeli stocks into a new "Israel Equities" coverage universe. The firm’s top-down analysis suggests "there are significant pockets of value in Israel, supported by the resilient macro." It sees 16%-80% potential upside across the space, with banks and real estate leading.
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Published first on TheFly