Vtex price target lowered to $9 from $9.50 at JPMorgan

JPMorgan analyst Marcelo Santos lowered the firm’s price target on Vtex (VTEX) to $9 from $9.50 and keeps an Overweight rating on the shares. The firm refreshed the company’s estimates in order to reflect a weaker level of currency. Vtex is JPMorgan’s top pick in Latin America technology, given its “superior upside at this point,” although it recognizes the company has less liquidity “and thus might not suit all investors.”