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YPF downgraded to Neutral on valuation after rally at UBS
The Fly

YPF downgraded to Neutral on valuation after rally at UBS

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.

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