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UPDATE: Morgan Stanley Lowers PT to $32 on TIM Participacoes on Model Update

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Morgan Stanley reiterates its Overweight rating on TIM Participacoes (NYSE: TSU) and reduces its price target from $36 to $32.

Morgan Stanley notes, "Lowering price target 11% to US$32 from US$36 to reflect weaker FX, a 1% trim to EBITDA, and higher D&A, financial costs, and taxes. In local terms, our price target remains at R$13."

TSU closed at $26.51 on Wednesday.

Latest Ratings for TSU

DateFirmActionFromTo
Nov 2020ScotiaBankInitiates Coverage OnSector Outperform
Nov 2020BMO CapitalMaintainsOutperform
Oct 2020TD SecuritiesMaintainsBuy

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Posted-In: Morgan StanleyAnalyst Color Price Target Reiteration Intraday Update Analyst Ratings

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