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View Full Version : Bancolombia Cut to ‘Hold' From ‘Buy' at Santander - Bloomberg



NewsWhore
04-21-2009, 11:30 AM
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Bancolombia Cut to ‘Hold&#39; From ‘Buy&#39; at Santander (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3DaLi6vuS7B1x4%26refer%3Dlatin_america&cid=0&ei=K9rtSZLaJovGsgbNnaD7Cw&usg=AFQjCNGwJpJye-UdF4l0FQTKcQ45Ubjt1Q)
Bloomberg
Bancolombia&#39;s profit probably will fall 13 percent in local currency terms and 29 percent in US dollars, meaning its shares are “fairly priced,” Aramburu wrote. The ADRs dropped 2.1 percent to $20.39 yesterday.


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