Brazil stocks raised to Buy at Morgan Stanley on policy change expectations
Investing.com -- Analysts at Morgan Stanley (NYSE:MS) have upgraded their recommendation for Brazilian stocks from Equalweight to Overweight. In a note to clients on Tuesday, the American bank presents an optimistic view for Latin American countries’ stocks, setting a target for the MSCI Latam index at 2,800 points by the end of 2026, representing a return of approximately 23% in dollar terms.