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Fly News Breaks for October 22, 2018
ARCE
Oct 22, 2018 | 08:09 EDT
Morgan Stanley analyst Javier Martinez de Olcoz Cerdan initiated Arco Platform with an Overweight rating and $27 price target, stating that its "disruptive" one-stop, integrated education platform for private K-12 schools in Brazil has a strong track record of improving academic results and is accelerating incorporation of new clients. With just 5% of Brazil private students today, Martinez de Olcoz Cerdan believes the company has reached about 11% share on its addressable market and has room to cover about 25% long term, he tells investors.
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