Credicorp shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target from $162 to $190.
Portfolio Pulse from Benzinga Newsdesk
Credicorp's stock is experiencing an uptick following an upgrade from JP Morgan, which changed its rating from Neutral to Overweight and increased the price target from $162 to $190.
December 15, 2023 | 3:41 pm
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POSITIVE IMPACT
Credicorp, traded under the symbol BAP, has received a positive rating upgrade from JP Morgan, shifting from Neutral to Overweight. Additionally, the price target has been raised from $162 to $190, indicating a bullish outlook on the stock.
The upgrade by a major financial institution like JP Morgan typically instills confidence in investors and can lead to an increase in stock price in the short term. The new price target of $190 suggests a significant upside potential from the previous target, which may attract more investors to the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100