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Fly News Breaks for August 26, 2019
ELP
Aug 26, 2019 | 06:43 EDT
JPMorgan analyst Fernando Abdalla upgraded Copel to Overweight from Neutral and raised his price target for the shares to R$63 from R$48. The company's cash flows are expanding in 2019 and its leverage coming down with the start-up of important greenfield projects, Abdalla tells investors in a research note. Further, Copel's new management team is preparing the sale of non-core assets and studying the possible extension of expiring hydro concession, adds the analyst.
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