Citi analyst Stephen Trent downgraded Rumo to Neutral from Buy with a R$24 price target. The company now looks closer to fair value and a little more vulnerable to earnings disappointments relative to Hidrovias, the analyst tells investors in a research note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly