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Fly News Breaks for September 28, 2015
CZZ
Sep 28, 2015 | 06:26 EDT
BofA/Merrill transferred coverage on Cosan with a Neutral rating from a Buy rating and lowered its price target to $3.60 from $8.40 on shares. Analyst Isabella Simonato is cautious on Cosan's complex corporate structure, exposure to Rumo Logistica which is in the midst of a turnaround process, and a long process of deleveraging.
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