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Fly News Breaks for June 13, 2018
CIB
Jun 13, 2018 | 08:01 EDT
As previously reported, BofA/Merrill upgraded Bancolombia to Neutral from Underperform with a $49 price target. Analyst Ernesto Gabilondo believes the macro and political environment is set to improve after the second round of elections on June 17 as many investments are on hold. The analyst expects 2019 double digit NI growth, higher interest rates and lower expenses and provision charges.
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