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Fly News Breaks for August 14, 2019
GGAL
Aug 14, 2019 | 06:24 EDT
JPMorgan analyst Domingos Falavina upgraded Grupo Financiero to Neutral from Underweight while lowering his price target for the shares to $20 from $26. While not advocating for a constructive view, the analyst feels the stock price has incorporated most of the negative news out of Argentina. He prefers to side on the sidelines for "election volatility to cease and more clear messages of the new potential winning candidate to become clearer."
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