BofA initiates Irsa Inversiones stock with buy on Argentina growth
BofA initiated coverage on IRSA Inversiones y Representaciones SA (NYSE:IRS) with a buy rating and a $23.60 price target, citing Argentina's economic normalization and the company's growth prospects. IRSA, Argentina's largest real estate developer, is expected to expand its leasable area by 34% by 2031 and deliver an 8% dividend yield from 2026-2028. The stock is currently trading at $14.16.


