Laureate Education downgraded to Equal Weight from Overweight at Morgan Stanley

Morgan Stanley downgraded Laureate Education to Equal Weight from Overweight with a unchanged $17 price target. The firm remains constructive on the stock and the sector but cuts its rating after its recent gains pending more visibility on the second half of 2024, the analyst tells investors in a research note. Mexico FX also creates near-term pressures to guidance, while political changes may slow down Laureate’s long-term growth, the firm added.