Vasta Platform downgraded to Underweight from Overweight at JPMorgan

JPMorgan double downgraded Vasta Platform to Underweight from Overweight without a price target. The firm cites its relative preference in the Brazilian education sector and lowered estimates for the downgrade. It now expects stability in Vasta’s margins versus expansion previously, saying it is costing the company more to grow than anticipated. The analyst prefers higher education companies which JPMorgan sees as “very depressed.”