Bear Stearns upgrades CPL to OUTPERFORM
We give props to BEAR for its upgrade on our 10% div, power to the people, safer brazilian play!
OUTPERFORM and $64 target!
"CPFL Energia's local shares are down 17.4% since the last Bovespa (Brazilian Stock Market )high on July 17. The ADR's now show potential 26% upside to our 2008 price target," said Bear Stearns.
go team! BRAZIL, BRAZIL, BRAZIL & HAPPY FRIDAY!
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1 comment:
Its up 7% after fed's rate cut. Sell or hold?
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