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Fly News Breaks for November 14, 2019
CIG
Nov 14, 2019 | 05:00 EDT
Goldman Sachs analyst Pedro Manfredini initiated coverage of Cemig with a Buy rating and R$16.50 price target. The analyst initiated coverage on 18 Brazilian utilities with a constructive view saying the sector offers good risk/rewards at current share levels. He sees Cemig as offering a combination of improving results and cost-cutting initiatives at a "very discounted valuation."
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