JPMorgan Updates Brazil’s Transport Sector Evaluations

JPMorgan has revised its evaluations for the transport industry amid economic shifts, increasing the average equity cost by 0.5%. The bank downgraded Azul and Movida to ‘neutral’ for their higher financial risks and less appeal versus industry peers. On the flip side, Vamos (VAMO3) saw an upgrade from ‘neutral’ to ‘buy’. This shows the bank’s […]