YPF upgraded to Buy from Neutral at BofA

BofA analyst Leonardo Marcondes upgraded YPF (YPF) to Buy from Neutral with a price target of $55, up from $31, which represents upside of 40% to the current price. The stock has rallied since the beginning of the year driven by Argentina’s country-risk reduction, the analyst tells investors in a research note. The firm says YPF’s micro story continues to advance with divestment of the conventional assets as well as the liquified natural has integrated project, which will continue to provide support for the stock.