Afya upgraded to Equal Weight from Underweight at Morgan Stanley

Morgan Stanley upgraded Afya (AFYA) to Equal Weight from Underweight with a price target of $17.50, down from $19, as part of a broader research note on Brazil Education Services. The new sector regulation will both reshape industry structure and reset economic equilibrium, the analyst tells investors in a research note. Despite long-term medical school risks, the firm sees strong short-term earnings and a narrower valuation gap relative to peers, Morgan Stanley added.