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Emerging Markets

Morgan Stanley Cuts Cruzeiro do Sul Two Notches to Sell

The Rio Times · 2h ago · 🇧🇷 Brazil

Morgan Stanley Cuts Cruzeiro do Sul Two Notches to Sell

Morgan Stanley skipped a step and cut Cruzeiro do Sul Educacional from buy to sell, slashing the price target to R$5 (US$0.98). Shares fell 3.3% as the bank cited enrollment disappointment and rising costs – a warning for Brazil's private education market. The post Morgan Stanley Cuts Cruzeiro do Sul Two Notches to Sell appeared first on The Rio Times .

Read the full story at The Rio Times →

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