Bank of America (BofA) has upgraded Loma Negra (LOMA, Financial) to a Buy rating, raising the price target from $11.50 to $14. This decision reflects a renewed confidence in Argentina's economic prospects, which includes significant policy shifts and the easing of currency restrictions.
BofA's analysis suggests a favorable macroeconomic environment in the country, projecting a notable recovery heading into 2025 and 2026. The bank foresees robust growth in cement demand during this period, supporting their positive outlook for Loma Negra.
This upgrade positions Loma Negra favorably in the eyes of investors, highlighting potential long-term growth as Argentina undergoes key economic transformations.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Loma Negra Cia Industria Argentina SA (LOMA, Financial) is $11.25 with a high estimate of $15.46 and a low estimate of $5.15. The average target implies an upside of 4.44% from the current price of $10.77. More detailed estimate data can be found on the Loma Negra Cia Industria Argentina SA (LOMA) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Loma Negra Cia Industria Argentina SA's (LOMA, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Loma Negra Cia Industria Argentina SA (LOMA, Financial) in one year is $4.97, suggesting a downside of 53.85% from the current price of $10.77. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Loma Negra Cia Industria Argentina SA (LOMA) Summary page.
