JP Morgan Upgrades Banco Macro to Neutral, Raises Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has upgraded Banco Macro (NYSE:BMA) from Underweight to Neutral and significantly raised its price target from $14 to $78.
August 30, 2024 | 1:00 pm
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JP Morgan has upgraded Banco Macro from Underweight to Neutral and increased its price target from $14 to $78, indicating a more positive outlook on the stock.
The upgrade from Underweight to Neutral by JP Morgan suggests a more favorable view of Banco Macro's prospects. The significant increase in the price target from $14 to $78 indicates a strong belief in the stock's potential upside, likely leading to positive short-term price movement.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100