Bank of America upgrades Polish stocks
20:09
Bank Of America Merril Lynch upgraded recommendation to neutral from underweight for Polish stocks with regard to expected European QE program and relatively low price of stocks compared to the cost of debt, the BofA Merril Lynch report stated.
Bank of America recommends to buy KGHM, Energa and PKO BP shares. Eurocash, JSW, PGE, Pekao and mBank stocks were rated as underweight.
Bank analysts predict that the GDP growth in Poland will reach 3 percent in 2015 and the Polish currency will continue to weaken against the USD.
