Citi maintains buy ratings on Argentina power firms amid sector shifts
Citi maintained buy ratings on Pampa Energia (PAM) and Central Puerto (CEPU), setting price targets of $121 and $22 per ADR, respectively. The firm forecasts 55% EBITDA growth for both by 2026, driven by production increases and stronger power prices. Citi also highlighted potential upside from PAM's FertilPampa project and CEPU's capital allocation strategies.







