JPMorgan: Brazil elections could 'change the game' for construction firms, prefers low-income housing

JPMorgan notes that upcoming Brazilian elections could significantly alter the outlook for construction companies, but the bank maintains a preference for low-income housing developers. Tenda is highlighted as the top pick with a potential upside of 59%. The report suggests a sector rotation opportunity depending on election outcomes, but the bank's stance remains cautious on high-end builders.