Goldman Sachs upgraded Rumo to Buy from Neutral as part of a broader research note on Brazil Transportation names. The firm notes that investor expectations towards the company’s 2025 pricing environment and results have came down, while the visibility on returns on new investments has improved following the significant increase in EBITDA in the recent year, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off