Argentina Faces Critical Moment as Weekend Local Elections Serve as a Referendum on Milei
Written by Emily J. Thompson, Senior Investment Analyst
Source: MarketWatch
Election Significance: The provincial elections in Argentina are seen as a referendum on President Javier Milei's economic management, with potential implications for the upcoming mid-term elections in October.
Market Predictions: Morgan Stanley forecasts that a narrow victory for Milei could lead to a rally in Argentinian risk assets, predicting an 11 percentage point increase in bond prices and highlighting the attractiveness of Argentinian stocks.
Analyst Views on ARGT
Wall Street analysts forecast ARGT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARGT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 97.170
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Current: 97.170
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
