BANCO FRANC-ADR (BFR) Downgraded by Zacks to UNDERPERFORM

Zacks Zacks Investment Research downgraded shares of BANCO FRANC-ADR (BFR) from NEUTRAL to UNDERPERFORM on May 30, 2013, with a target price of $3.90.

Banco Frances del Rio de la Plata S.A. is a full-service banker for large corporations, middle market businesses and individuals. The Company operates approximately 74 branches in Argentina, 8 branches in Uruguay and a sibsidiary bank in the Cayman Islands.

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