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BUSINESSJul 16 · 18:03 UTCTHE RIO TIMESMatias Sebastian Lopez

Vibra and Ultrapar Win Upgrades as Canada’s CPPIB Exits

Morgan Stanley upgraded Vibra to 'Buy' due to Brazil's crackdown on fuel-market irregularities, enhancing sector attractiveness. Scotiabank raised Ultrapar to 'Outperform' with a R$22 target, citing improved competitive conditions. Canada’s CPPIB fully exited its position.

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VibraorganizationUltraparorganizationMorgan StanleyorganizationScotiabankorganizationCPPIBorganizationBrazilplacefuel-market irregularitiestopic
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