Citi recently upgraded Grupo Supervielle to Buy from Neutral and raised its price target to ARS 4,900 from ARS 2,000. They noted that the recent election outcome has reduced risk in the Argentine banking sector, which could pave the way for a "virtuous credit cycle" and open new growth opportunities.
Citi highlighted expectations of improved execution and growth momentum, given reduced political uncertainty through the upcoming election cycle.
JPMorgan also upgraded the stock to Neutral from Underweight after the elections and increased the price target to $12 from $5, citing sector-wide optimism due to favorable political developments.