On June 17, Credicorp rose 7.63% in regular trading, trading at $392.33/share, with turnover of $64.61 million. The rally was driven by Morgan Stanley upgrading its rating on Credicorp from Equal Weight to Overweight, while significantly raising its price target from $375 to $480, implying approximately 22% upside from current levels.

The upgrade comes shortly after JPMorgan downgraded the stock from Overweight to Neutral with a $415 target price in mid-June, which had briefly pressured shares lower by over 1%. According to FactSet, the consensus analyst rating on Credicorp stands at Overweight, with the average price target now at $395.72.

Within the Diversified Banks sector, Credicorp significantly outperformed peers during the same session. JPMorgan Chase rose 1.51%, Citigroup rose 1.79%, Bank of America rose 1.21%, Nu Holdings rose 5.23%, and Wells Fargo rose 0.73%.

Credicorp is a financial services holding company headquartered in Lima, Peru, with operations spanning universal banking, insurance and pensions, microfinance, and investment banking across Peru, Bolivia, Colombia, Chile, Panama, and the United States. Its principal subsidiary, Banco de Credito del Peru, has over 135 years of operating history.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)