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Fly News Breaks for January 24, 2019
CIOXY
Jan 24, 2019 | 05:49 EDT
Citi analyst Felipe Gaspar Salomao upgraded Cielo to Buy with a price target of R$15. The analyst sees prepayment revenues boosting the company's earnings growth in 2020. He estimates sales from prepayment of credit card receivables could have reached R$30B in Brazil during 2017.
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