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FINWIRES

JPMorgan Downgrades Credicorp to Neutral From Overweight, $415 Price Target

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FINWIRES Analysis

The downgrade to Neutral despite a raised $415 target sits above both the consensus rating and mean price target, suggesting valuation rather than fundamentals drove the call. This signals JPMorgan sees limited remaining upside after a strong run rather than deteriorating outlook for the Peruvian lender. The divergence from Street consensus is worth monitoring for follow-on rating revisions.

What are the key takeaways?

  • JPMorgan cuts Credicorp to Neutral, target $415
  • Target sits above $382.91 consensus
  • Likely valuation-driven, not fundamentals

Credicorp (BAP) has an average rating of overweight and mean price target of $382.91, according to analysts polled by FactSet.

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