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Fly News Breaks for December 19, 2019
YPF
Dec 19, 2019 | 06:36 EDT
JPMorgan analyst Rodolfo Angele downgraded YPF to Neutral from Overweight with a price target of $11.50, down from $14. Visibility remains low in Argentina, with currency devaluation, weak demand and higher oil prices presenting a "substantial challenge" for YPF, Angele tells investors in a research note. A re-rating in the stock "seems unlikely in the absence of more clarity and recovery in the macro front," contends the analyst.
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