Bank of America raises recommendation for Brazilian stocks from neutral to to buy

On the other hand, they remain more cautious with riskier sectors such as services, airlines and shopping malls.

RIO DE JANEIRO, BRAZIL - Strategists highlighted a revision in their projections for Brazil's GDP, from a high of 3.4% to 5.2% in 2021, pointing out that there is still a positive expectation.

With more positive expectations for the Brazilian economy and adding exposure to assets that benefit from the reopening of activities and banks, Bank of America's strategy team raised its exposure rating for Brazilian stocks, going from marketweight (exposure in line with the market average) to overweight (exposure above the market average) within the Latin America portfolio.

David Beker, Carlos Peyrelongue and Paula Andrea Soto . . .

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