JPMorgan Chase & Co. lowered shares of Banco Macro SA (NYSE:BMA) from an overweight rating to a neutral rating in a report released on Thursday, TheFlyOnTheWall.com reports.
JPMorgan Chase & Co. has also taken action a number of other financials stocks recently. The firm raised its price target on shares of 3D Systems from $58.50 to $60.00. Also, JPMorgan Chase & Co. upgraded shares of Pan American Silver Corp from an underweight rating to a neutral rating.
Banco Macro SA (NYSE:BMA) traded down 2.98% on Thursday, hitting $25.10. 181,687 shares of the company’s stock traded hands. Banco Macro SA has a 52-week low of $13.53 and a 52-week high of $32.85. The stock has a 50-day moving average of $27.38 and a 200-day moving average of $21.24. The company has a market cap of $1.467 billion and a P/E ratio of 3.72.
Separately, analysts at TheStreet upgraded shares of Banco Macro SA from a hold rating to a buy rating in a research note to investors on Friday, December 6th.
Banco Macro SA (NYSE:BMA) is an Argentina-based bank.
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