JPMorgan upgrades Brazilian stocks, cuts rating on Mexican equities
ReutersMar 10, 2025 7:55 AM
March 10 (Reuters) - J.P.Morgan on Monday upgraded Brazilian equities on a boost from the potential end of the interest rate hiking cycle and China's stimulus measures, while downgrading Mexican stocks on slower economic growth and exposure to U.S. tariffs.
The Wall Street brokerage raised Brazilian equities to 'overweight' from 'neutral' and cut Mexican stocks to 'neutral' from 'overweight'.
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