INSUBCONTINENT EXCLUSIVE:
This move aims at capitalizing on currently undervalued stocks.Goldman Sachs elevated the ratings of RUMO (RAIL3) and Localiza (RENT3) to
Meanwhile, they downgraded CCR (CCRO3) to neutral and WEG (WEGE3) to sell.This adjustment reflects a nuanced approach to the challenging
economic climate marked by rising interest rates and variable earnings forecasts.The firm has modified its 12-month price targets to reflect
potential upsides: RENT3 at R$ 59.20 shows a promising 39% gain
(Photo Internet reproduction)CCRO3 sees a modest rise to R$ 13.60, a 14% upside
stability as the trading session progressed
for WEGE3 by 0.69% to R$ 37.54, and a decrease for CCRO3 by 0.25% to R$ 11.98.Localiza, despite a severe 33% drop this year due to tough
price-to-earnings ratios and its potential for volume growth, underpinning its upgraded status.Conversely, WEG, experiencing a modest 2%
gain amidst the downturn, faces challenges due to its size and less optimistic profit growth projections
keen pursuit of opportunities where growth potential aligns with current valuations.
