CI&T upgraded to Overweight from Neutral at JPMorgan

JPMorgan analyst Puneet Jain upgraded CI&T to Overweight from Neutral with an unchanged price target of $7. The company is beginning to benefit from clients’ spending on artificial intelligence, which is finally pushing its growth rates higher after a protracted period of slowdown, the analyst tells investors in a research note. The firm says CI&T’s Q1 results and 2025 outlook that implies a double digit revenue growth “belied its high exposure” to Brazil or retail clients which were weak at peers.