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Fly News Breaks for July 29, 2019
BRFS
Jul 29, 2019 | 06:10 EDT
Citi analyst Alexander Robarts downgraded BRF S.A. to Sell from Neutral while raising his price target for the shares to R$28 from R$23. The analyst cites valuation for the downgrade as he believes the current multiple is "arguably unsustainable" with the stock up 55% in four months.
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