Banorte (GFNORTEO MM): Contrarian Move to Underweight - Sound 3Q21 but Much Is Discounted

84 Views26 Oct 2021 01:20
Contrarian move to Underweight on Banorte despite a sound 3Q21; much is discounted in valuations & intensifying competition from fintechs & digital savvy incumbents should constrain return prospects
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