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Fly News Breaks for August 1, 2019
ITUB
Aug 1, 2019 | 07:39 EDT
JPMorgan analyst Domingos Falavina upgraded Itau Unibanco to Overweight from Neutral and raised his price target for the shares to $11 from $9. The recent selloff in the shares has provided a good entry point, Falavina tells investors in a research note. The analyst sees Itau's dividend yield moving higher, real returns on government bonds moving lower, "and the relationship between the two yields as distorted."
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