Reuters: Bankruptcy News: STXNEWS LATAM-Barclays ups targets for some Brazil banks after Cruzeiro demise

Reuters: Bankruptcy News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

STXNEWS LATAM-Barclays ups targets for some Brazil banks after Cruzeiro demise Sep 17th 2012, 18:04 Mon Sep 17, 2012 2:04pm EDT Barclays analyst Fabio Zagatti raised the price target on four Brazilian mid-sized lenders after recent measures to spur growth and growing loan demand among small enterprises are likely to offset the impact of the collapse of consumer lender Banco Cruzeiro do Sul. In a report, Zagatti upped the targets of Banco ABC Brasil to 20 reais from 19 reais; Banrisul to 22 reais from 20 reais; Bicbanco to 15 reais from 14 reais, and; Banco Daycoval to 14 reais from 13 reais. "With this, rather than thinking of it as a negative sign that liquidity conditions among smaller banks are concerning, we think that those mid-sized banks we cover focused in small enterprise lending should be the ultimate beneficiaries of these measures, given their sound credit risk profiles," Zagatti wrote.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions