UBS analyst Tasso Vasconcellos last night downgraded YPF (YPF) to Neutral from Buy with a price target of $38, up from $30. Post the 275% rally since Milei was elected president in Argentina and 145% return year-to-date, the shares offer more limited upside, the analyst tells investors in a research note. The firm believes the market is already pricing in the company’s improved performance expected for the upcoming years.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks