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Fly News Breaks for August 13, 2019
Aug 13, 2019 | 06:57 EDT
JPMorgan analyst Domingos Falavina upgraded Credicorp to Overweight from Neutral and raised his price target for the shares to $250 fro $232. The stock has been under pressure over growth concerns associated with trade wars, Falavina tells investors in a research note. The analyst, however, ran sensitivities and sees 20% return potential even with 0% loan growth over the next three years. He believes the shares have reached a "compelling entry point" following the recent selloff.
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