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Fly News Breaks for October 3, 2019
CZZ
Oct 3, 2019 | 04:59 EDT
Goldman Sachs analyst Bruno Amorim started Cosan with a Buy rating and $19.10 price target. The analyst views the company as an "interesting way to benefit" from the modest upside the forecasts for CSAN3 coupled with the 34% upside he models for Rumo. Amorim initiated coverage of the fuel distribution companies in Brazil with a neutral view on the sector. The recovery in volumes, after years of weakness, should be offset by increasing competition, he contends
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