Nicolai Sebrell & team Morgan Stanley
Repeating at No. 3 is the three-person, São Paulo–based Morgan Stanley team led by Nicolai Sebrell, lauded by one money manager as “a very good, rational stock picker — he is someone who doesn’t get caught up in a lot of noise and doesn’t get excited or play favorites.”
In February 3 the analysts upgraded the American depositary receipts of Lan Airlines to overweight, at $16.30, citing the Chilean carrier’s attractive valuation and “nascent improvements in cargo demand” in Latin America and elsewhere. The ADRs had flown to $23.87 by the end of July; over the same period the sector gained 6.6 percent.
