Weg downgraded to Sell from Neutral at Goldman Sachs

Goldman Sachs downgraded Weg to Sell from Neutral as part of a broader research note on Brazil Transportation names. The firm notes that the stock has recently outperformed other infrastructure and industrials names while its growth is decelerating as the company is currently much larger than pre-pandemic, the analyst tells investors in a research note. Weg also saw a relevant growth in the renewables segment, with solar generation driving a significant growth in recent years, but now those segments are more mature and therefore should experience less growth, the firm added.