09:33 EDT Gafisa SA upgraded to Neutral from Underweight at JPMorgan
More upgrades coming aligned with:
"The eight-member central bank board cut the target lending rate by a quarter-percentage point to 7.25 percent yesterday, saying keeping monetary conditions stable for a “sufficiently prolonged period” was the best strategy for balancing inflation risks stemming from a recovery in domestic activity with continued “complexity” in the global economy. " Bloomberg it.
Brazilian credit expansion running in all cylinders just in time for the Brazilian Housing Season kickoff.