Point | The Point for Latin America Monday, 22 June 2026 Top Call | Company | Industry | Global | Key Rating and Target Price Changes Gustavo Schroden | Arnon Shirazi, CFA | Brian Flores, CFA M Dias Branco (MDIA3.SA) - Model Update: The Recovery Is Taking Longer We are updating our model post of 1Q26 results lowering our target price to R$21/sh from R$26/sh. The 19% reduction in our TP reflects lower earnings forecasts for 2026/2027 due to a slower path toward margin normalization than previously anticipate ...