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Afya price target lowered to $22 from $25.50 at BofA

BofA lowered the firm’s price target on Afya (AFYA) to $22 from $25.50 and keeps a Buy rating on the shares after updating the firm’s estimates to incorporate a more conservative scenario on potential seats additions on already existing courses, while highlighting that the firm expects gross tuition to continue growing in line with inflation in 2026.

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