Auna initiated with an Overweight at JPMorgan

JPMorgan initiated coverage of Auna with an Overweight rating and $16 price target, implying 100% upside. Auna is a leading provider of healthcare services in the Latin America excluding Brazil region with operations in Mexico, Peru, an Colombia through 15 hospitals, 10 outpatient clinics, and insurance operations, the analyst tells investors in a research note. The firm says that despite the several moving pieces in the investment case from its diverse geographic exposure, the shares offer a compelling risk/reward at current price levels.