Merrill Lynch

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GT Bank Raised to ‘Buy’ From ‘Neutral’ at BofA Merrill Lynch

Bloomberg - Mon Dec 7, 6:03 am ET

Dec. 7 (Bloomberg) -- Guaranty Trust Bank Plc, a Nigerian lender, was raised to “buy” from “neutral” at Bank of America Merrill Lynch. Guaranty’s price objective was set at 18 naira, offering 17% upside potential, BofA Merrill Lynch research analysts John Storey wrote in a note today.