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

October 23, 2009 10:50 AM EDT

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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Downgrades
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Stocks Mentioned

BAP 73.83

+1.02 +1.40%
Volume: 284,184
Track BAP

BBD 16.90

+0.87 +5.43%
Volume: 18,406,274
Track BBD

BCH 58.07

+1.81 +3.22%
Volume: 59,787
Track BCH

ITUB 19.62

+1.08 +5.83%
Volume: 20,727,459
Track ITUB


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