Seeking Alpha

Credicorp downgraded at JPMorgan

  • 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.
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