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Goldman Sachs Makes Changes For Latin American Bank (BBD, ITUB, BAP, BCH)

October 23, 2009 10:50 AM EDT
BBD Hot Sheet
Rating Summary:
    2 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 7 | New: 23
Earlier, Goldman Sachs made some changes in the Latin American Bank coverage.

The firm downgraded Bradesco (NYSE: BBD) and Itaú Unibanco Holding SA (NYSE: ITUB) from Buy to Neutral. The firm also downgraded Banco do Brasil from Neutral to Sell.

The firm also upgraded Itausa to Buy, lowered Credicorp (NYSE: BAP) to Neutral and upgraded Banco de Chile (NYSE: BCH) to Neutral.

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