BofA Reiterates a Buy Rating on YPF Sociedad Anónima (YPF)

YPF Sociedad Anónima (NYSE:YPF) is one of the most oversold energy stocks to buy right now. On July 1, Bank of America Securities analyst Leonardo Marcondes reiterated a Buy rating on YPF Sociedad Anónima (NYSE:YPF) and set a price target of $42.00.

YPF (YPF) Falls Hard on New Legal Case Ruling

An oil platform in the North Sea, standing tall and proud against a backdrop of choppy waters.

On July 22, Moody’s Ratings upgraded YPF Sociedad Anónima’s (NYSE:YPF) senior unsecured and secured notes ratings to ‘B2’ from ‘Caa1’, reporting a stable outlook.

The upgrade includes the Corporate Family Rating and suggests optimism for YPF Sociedad Anónima’s (NYSE:YPF) financial stability, potentially boosting its attractiveness to investors and enhancing its reputation.

YPF Sociedad Anónima (NYSE:YPF) explores, produces, and distributes oil and gas. The company operates in the following segments: Upstream, Gas and Power, Downstream, Central Administration and Other.

While we acknowledge the potential of YPF to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than YPF and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.