Economics
Argentine ADRs May Triple on Economic Reform, Raymond James Says
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Argentina’s American depositary receipts may triple if the South American nation improves economic policies after the 2015 elections, according to Raymond James Financial Inc.
“Although the valuation gap versus regional peers has narrowed, we believe the value of Argentine stocks could double or even triple in the event the country’s micro and macro policies converge to the regional average,” Raymond James analysts Federico Rey Marino, Santiago Wesenack and Santiago Ruiz Guinazu wrote today in a research report to clients.