Citi resumed coverage of Cosan (CSAN) with a Buy rating and R$19 price target The firm’s positive view is underpinned by better results at Cosan’s business units and by Cosan’s focus to deleverage its portfolio during a potential period of higher interest rates in Brazil. According to reports, Cosan is evaluating the sale of its stake at Vale (VALE), and it does not disregard a potential sale of a minority stake in Compass, though this is not a priority, the analyst noted.
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Read More on CSAN:
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- Cosan Reports Decline in Q3 Earnings but Reduces Debt
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
