With the Loss of Artificial Intelligence Space, Brazil Is Again Bought for BofA: What Else Has Changed? – Money Times
4 Articles
4 Articles
Optimism with the continuity of the monetary loosening cycle in Brazil led the Bank of America (BofA) to raise the recommendation for the Brazilian shares of "marketweight" (equivalent to neutral) to "overweight" (above the market average, equivalent to purchase). Exclusive material for subscribers. To have full access, access the link of the subject and register.
The bank stepped up to exceed its recommendation on Brazil in the face of the expectation of a cycle of deeper rate cuts.
The Bank of America (BofA) raised the recommendation of the Brazilian marketweight (neutral) shares — a position the bank had since June — to overweight (purchase), facing the slowdown scenario of activity and lower inflation, allowing for a deeper cycle of monetary flexibility. Now, the BofA expects Selic to arrive [...]
BofA raises recommendation for Brazilian actions and sees space for valuation with deeper cycle of interest cuts
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