Banco BBVA Argentina: Let Your Winners Run
BBVABBVA(BBVA) Seeking Alpha·2024-09-04 20:34

ferrantraite/E+ via Getty Images Thesis Recap I covered Banco BBVA Argentina (NYSE:BBAR) in April 2024, with the thesis that Argentina's improving economy and inflation trends would push Argentinian bank stocks up even further. Since then, the stock has given investors a total return of 57%, and yet I still think there is more upside today. From a bottom-up perspective, BBVA Argentina's earnings still trade at a low multiple, leading me to reiterate my buy rating with an updated price target of $14. Put sim ...