Vtex upgraded to Overweight from Equal Weight at Morgan Stanley

Morgan Stanley upgraded Vtex to Overweight from Equal Weight with a price target of $8, up from $5.50. The company has made continued progress on its international expansion, which can elongate its growth runway, the analyst tells investors in a research note. In addition, Vtex is seeing faster than expected margin improvement and it remains well capitalized, says the firm. It still sees an attractive valuation at current share levels.