Stock Track | Credicorp Stock Plummets 5.12% In Pre-Market Trading Amid Analyst's Hold Rating and Expectations of Modest Growth

Stock Track

02-11

Credicorp (BAP), a leading financial services company in Peru, saw its stock plummet 5.12% in pre-market trading on Tuesday.

The sell-off appears to be driven by a reiterated "Hold" rating from Bank of America Securities analyst Ernesto Gabilondo. The analyst cited modest growth expectations and valuation constraints as reasons for maintaining a cautious stance on the stock.

Additionally, there are reports that a former Supreme Court official, Zarof Ricar, allegedly expected to profit from the appeal process of a high-profile murder case involving Gregorius Ronald Tannur. While not directly related to Credicorp's business, this news may have contributed to investor concerns about governance issues in the country, weighing on the stock.

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