Goldman Sachs Downgrades Banco Macro S.A (BMA) to Sell
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Price: $72.84 -0.04%
Rating Summary:
5 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
5 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs downgraded Banco Macro S.A (NYSE: BMA) to Sell with a price target of $23.40.
The firm notes shares are up 27% YTD on improvement in Argentine sovereign risk. However, the firm sees operational risks in 2012 mounting as loan growth slows, NPLs increase and funding becomes tighter.
For an analyst ratings summary and ratings history on Banco Macro S.A click here. For more ratings news on Banco Macro S.A click here.
Shares of Banco Macro S.A closed at $24.74 yesterday.
The firm notes shares are up 27% YTD on improvement in Argentine sovereign risk. However, the firm sees operational risks in 2012 mounting as loan growth slows, NPLs increase and funding becomes tighter.
For an analyst ratings summary and ratings history on Banco Macro S.A click here. For more ratings news on Banco Macro S.A click here.
Shares of Banco Macro S.A closed at $24.74 yesterday.
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