UBS Maintains Buy on Credicorp, Lowers Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Thiago Batista maintains a Buy rating on Credicorp (NYSE:BAP) but lowers the price target from $192 to $190.
February 05, 2024 | 7:32 pm
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NEUTRAL IMPACT
UBS maintains a Buy rating on Credicorp but lowers the price target from $192 to $190.
The adjustment in price target by UBS reflects a slight modification in their valuation of Credicorp, possibly due to updated financial analysis or market conditions. However, maintaining a Buy rating indicates a continued positive outlook on the company's performance. The impact on the stock price is likely neutral in the short term as the reduction in the price target is minimal and the Buy rating is reaffirmed.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100