Cruzeiro do Sul Educacional is trading 6.59% down now at BRL 4.25 after Morgan Stanley downgraded the stock from buy to sell and cut its price target from BRL 7 to BRL 5.
- Morgan Stanley cited valuation concerns and disappointment with new enrollments.
- On August 7, the company announced approval for 146 additional annual Medicine places, but the positive development has not offset the bearish analyst action.