Global X MSCI Argentina ETF upgraded to buy with 28% upside on Argentina's economic reforms.

The Global X MSCI Argentina ETF (ARGT) has been upgraded from hold to buy, citing a potential 28% upside. The ETF currently trades at 12.5 times earnings, below its post-Milei administration average, with a possible re-rating to 14–18 times earnings that could yield 12–44% gains. Argentina's economic reforms under the Milei Administration have stabilized inflation and fiscal balance, while external accounts benefit from strong commodity prices. The full upside depends on Argentine GDP growth surpassing the IMF's 3.5% forecast, marking a key phase in the country's economic turnaround.