By Emily Schmall
Bloomberg.com
Aug. 20 (Bloomberg) — JPMorgan Chase & Co., ranked by Institutional Investor magazine as the top brokerage for Latin America equity research this year, made Mexico its top country pick for the region on the prospect of a second-half economic recovery and fiscal reform.
JPMorgan’s Latin America equity strategist Ben Laidler boosted his year-end forecasts for Mexico’s Bolsa index by 6.3 percent to 34,000 and Brazil’s Bovespa by 8.3 percent to 65,000. The Bolsa gained 0.5 percent to 27,731.04 at 11:24 a.m. New York time and the Bovespa advanced 0.8 percent to 56,579.80.
To contact the reporter on this story: Emily Schmall in New York ateschmall@bloomberg.net
Last Updated: August 20, 2009 11:27 EDT
http://www.bloomberg.com/apps/news?pid=20601086&sid=aoiJClVzbqFw
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