HSBC Upgrades Banco BBVA Argentina (BBAR) to Buy, Reduces the PT

Group 1 - Banco BBVA Argentina S.A. (NYSE:BBAR) has been upgraded from Hold to Buy by Carlos Gomez-Lopez from HSBC, with a revised price target of $17, down from $21 [1] - The company's fiscal second-quarter results revealed a revenue of $527.39 million, which was $5.51 million below consensus estimates, and an EPS of $0.21, missing expectations by $0.16 [2] - Despite the recent underperformance, the volatility in the stock presents an attractive entry point for investors, with favorable exchange rates supporting the Argentine banking sector [3] Group 2 - The long-term investment outlook for Argentine banks, including Banco BBVA Argentina S.A., remains strong despite short-term challenges [3]