JPMorgan analyst Marcelo Santos initiated coverage of Laureate Education (LAUR) with an Overweight rating and $40 price target The firm says the company offers “consistent” high-single-digit growth, driven by increasing market penetration. Laureate has “strong” margins and “robust” free cash flow generation, supported by its good market structure, the analyst tells investors in a research note. JPMorgan adds that the company has greater visibility compared to its Brazilian peers due to limited government intervention and the absence of major structural changes.
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