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.
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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Goldman Sachs on Friday downgraded Dutch lighting company Signify (LIGHT.AS) to neutral from buy, while maintaining its price target at 21 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Citi on Friday raised life-saving technology group Halma (HLMA.L) to buy from neutral and increased its price target to 46 pounds sterling from 37 pounds.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Riyad Capital on Thursday decreased the price target for Saudi Arabian medical services company and pharmacy operator Al-Dawaa Medical Services (SASE:4163) to 45 Saudi riyals from 50 riyals and kept its neutral rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)