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Enter Symbol:
Rating: CIB
Buy $48

Bancolombia S.a. (NYSE: CIB) upgraded to Buy with price target $48 by Standpoint Research

Friday,  Aug 14, 2015  12:25 PM ET by Betsy O'Brien Harrison

Standpoint Research upgraded Bancolombia S.a. (NYSE: CIB) to Buy with price target $48. Previously Standpoint Research upgraded
to Bancolombia S.a. (NYSE: CIB) to Hold on 04/08/2011, when the stock price was $64.74. Since then, Bancolombia S.a.'s stock price has lost 44% as of 08/14/2015's recent price of $36.27.

BanColombia is Colombia's largest bank in terms of assets and also has the largest market participation in deposit products and loans.

Standpoint Research provides independent equity research that is free from the conflicts of asset management, investment banking, proprietary trading, and fee-for-research arrangements. We provide thorough analysis, diagnostics and forecasts on domestic and international equities and markets backed by alpha-generating variables back-tested on many years of data. Standpoint Research currently advises and sells its research to pension funds, hedge funds and asset management firms. Wall Street analysts have an optimistic bias, while we are more objective. In fact some of the variables in our model that are looked at as positives by Wall Street actually carry negative weight in our model. We have a strict discipline that includes running our proprietary 155-variable valuation and diagnostics model with a personal and subjective overlay that has been proven to add value. The effectiveness is demonstrated through our impressive track record of recommendations.



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