Morgan Stanley rates Banco BTG Pactual stock ‘overweight’

March 28, 2017 SAO PAULO (Reuters) – Grupo BTG Pactual SA’s stock is undervalued based on its ability to outperform peer banks in Latin America, where investment-banking and asset management activities remain underpenetrated, analysts at Morgan Stanley & Co said on Tuesday. In a client note, analysts led by Jorge Kuri transferred their coverage to the newly created stock units of Banco BTG Pactual SA , setting an “overweight” recommendation on the stock. Units are a blend of common and preferred shares in Banco BTG Pactual. Kuri and his team…

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