Diplomatic Developments: President Trump announced a productive call with Brazilian President Lula, discussing trade and cooperation, which has sparked renewed interest in the iShares MSCI Brazil ETF (EWZ) amid a volatile market.
Market Reactions: The potential for improved U.S.-Brazil relations could benefit major Brazilian companies like Petrobras, Vale, and Itaú Unibanco, especially if tariffs are rolled back and the Brazilian Real stabilizes.
Bullish Sentiment: Expectations of tariff relief may lead to a resurgence in Brazilian equities, particularly in export-driven sectors, as traders respond positively to any policy advancements.
Lingering Risks: Despite the optimistic outlook, uncertainties in Brazil's domestic politics and global market conditions could dampen enthusiasm, making the sustainability of this diplomatic thaw uncertain.
Wall Street analysts forecast EWZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EWZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast EWZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EWZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
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0 Sell
Current: 35.020
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Current: 35.020
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
