Goldman Sachs Maintains Neutral on Credicorp (BAP)

Goldman Sachs is out with its report on Credicorp BAP, maintaining Neutral. In a note to clients, Goldman Sachs writes, "Results for Credicorp were strong, reflecting the strong underlying growth of the Peruvian economy. However, we remain cautious with respect to the shares until there is more clarity regarding the outcome of the presidential elections. We maintain our Neutral rating, target price and estimates." Shares of BAP closed Monday at $101.27, down 1.24% from Friday's close.