JPMorgan upgrades YPF on optimism about Argentina's oil and gas sector

SAO PAULO (Reuters) - Analysts at JPMorgan suggested on Friday that investors buy shares of Argentine state-run oil firm YPF, according to a note to clients, as they voiced broader optimism about the energy industry in the South American country.

The U.S. investment bank upgraded its YPF recommendation to "overweight" from "neutral," while increasing its price target to $59.50 per American Depositary Receipt from a previous target of $25.00.

Source: Investing.com