Credicorp downgraded at JPMorgan

|By:, SA News Editor

Following a nice run for Peru's Credicorp (BAP -0.4%), the team at JPMorgan takes some chips off the table, downgrading the stock to Neutral, though boosting the price target by $2 to $175.

The stock has gained 20% over the last four months alongside a nice move in emerging markets and Peru.