2024-04-16 09:02:25 ET
Summary
- Argentinian bank stocks, including Banco BBVA Argentina and Banco Macro, have seen gains of over 100% since the election of Milei in late 2023.
- Banco BBVA Argentina has shown decent performance despite the challenging macroeconomic environment in Argentina.
- The macro scene in Argentina is improving, which could lead to further gains for Banco BBVA Argentina.
- Shares are a buy with a price target range between $11-$14.
Investment Thesis
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For further details see:
Banco BBVA Argentina: The Trend Is Your Friend