Key Facts

—The call. Bci’s brokerage raised its IPSA target from 11,900 to 12,050 points for end-2026 and early 2027.

—The upgrade. It lifted expected index earnings-per-share growth from 15.2% to 19.8% for 2026.

—The offset. It simultaneously cut its GDP forecast to 1% and raised inflation to 3.7%.

—The concentration. SQM, Banco de Chile and Latam Airlines account for more than a third of the projected earnings growth.