Banco Macro S.A. - Depositary Receipt (BMA) Upgraded to Overweight by JP Morgan

JP Morgan upgraded Banco Macro S.A. - Depositary Receipt (BMA) from Neutral to Overweight, with an average one-year price target of $56.28/share, a 5.69% increase from its latest closing price. The projected annual revenue is $346.452MM, a decrease of 88.70%, and the projected annual non-GAAP EPS is 194.70. The put/call ratio is 2.97, indicating a bearish outlook.