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Zacks upgraded shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) from a neutral rating to an outperform rating in a research note issued to investors on Thursday, Analyst Ratings.Net reports. The firm currently has $11.80 price target on the stock.

Zacks has also modified their ratings on a number of other financials stocks in the few days. The firm reiterated its outperform rating on shares of National Steel Corpo. They have a $6.75 price target on that stock. Also, Zacks upgraded shares of Rio Tinto from an underperform rating to an outperform rating. Zacks now has a $63.00 price target on that stock. Finally, Zacks reiterated its neutral rating on shares of Enterprise Products Partners. They have a $64.00 price target on that stock.

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) opened at 10.40 on Thursday. Grupo Financiero Galicia S.A. has a 1-year low of $4.63 and a 1-year high of $11.67. The stock’s 50-day moving average is $10.15 and its 200-day moving average is $7.29. The company has a market cap of $1.291 billion and a P/E ratio of 3.88.

Separately, analysts at Scotiabank cut their price target on shares of Grupo Financiero Galicia S.A. from $45.00 to $41.00 in a research note to investors on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $26.40.

Grupo Financiero Galicia SA (NASDAQ:GGAL) is a financial services holding company.

To view Zacks’ full report, visit www.zacks.com

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