Citi
June 29, 2026
The Point for Latin America
Weekly UpdateEquitiesFXRates CreditConsumer DiscretionaryHealth Care
This report provides a weekly update on Latin American markets, including stock upgrades for Motiva, analysis of corporate activities in agriculture and e-commerce, and macroeconomic insights on the impact of El Niño.
Key Takeaways
- 1.Motiva upgraded to Buy due to compelling valuation and manageable risk.
- 2.SLC Agricola's land acquisition is strategically sound but pressures cash flow and leverage.
- 3.El Niño poses significant inflationary risks in Emerging Markets, particularly regarding food and energy.
Table of Contents
- Top Call
- Company
- Industry
- Global
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Authors
Filipe NielsenGabriel BarraJoão Pedro SoaresLeandro Bastos
Securities
MOTV3.SASLCE3.SAMGLU3.SA
Themes
AI Infrastructure and Power BottlenecksEl Niño Inflationary ShockHigher for Longer Interest Rates
Regions
Latin AmericaGlobalBrazilArgentinaPeru