Morgan Stanley says the recent sell-off in Brazilian digital education company Vitru shares presents an attractive entry point.
The recent selloff in Vitru shares presents an attractive entry point opportunity, according to Morgan Stanley. Morgan Stanley upgraded Vitru shares to overweight. Meanwhile, the bank's price target of $22 implies shares rallying 69.5% from Friday's close. The stock jumped almost 8% during Monday's trading session. Shares of the Brazil-based digital education company have plunged 44% since March, as of Friday's closing price.
mountain Vitru stock "We believe this represents an attractive entry point opportunity and Vitru should continue to deliver good operating and financial performance," analyst Javier Martinez de Olcoz Cerdan wrote in a research note.
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