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Zacks cut shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) from an outperform rating to a neutral rating in a research report sent to investors on Thursday morning, AnalystRatingsNetwork.com reports. The firm currently has $13.90 price target on the stock.

Zacks has also taken action a number of other financials stocks recently. The firm upgraded shares of Petroleo Brasileiro SA from a neutral rating to an outperform rating. The firm now has a $17.90 price target on that stock. Also, Zacks upgraded shares of Grupo Aeroportuario del Pacifico from an underperform rating to a neutral rating. Zacks now has a $54.20 price target on that stock. Finally, Zacks upgraded shares of Enbridge Energy Management, L.L.C. from a neutral rating to an outperform rating. Zacks now has a $34.90 price target on that stock.

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.

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) opened at 10.00 on Thursday. Grupo Financiero Galicia S.A. has a 52 week low of $4.96 and a 52 week high of $13.05. The stock’s 50-day moving average is $11.2 and its 200-day moving average is $8.46. The company has a market cap of $1.241 billion and a price-to-earnings ratio of 3.91.

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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