Sabesp Stock Upgraded: A Cheap Utility in Brazil?
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE: SBS) isn't exactly a name that rolls off the tongue -- nor is it a household name here in the United States. And yet, according to one investment banker, this Brazilian water utility could provide a very tidy profit to investors unafraid to invest a bit farther from U.S. shores.
Here's what you need to know about this upgrade.
Source: Fool.com
Companhia de Saneamento Básico do Estado de São Paulo ADR Stock
€4.66
-0.850%
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the Companhia de Saneamento Básico do Estado de São Paulo ADR stock is not clear.
Based on the current price of 4.66 € the target price of 31 € shows a potential of 565.24% for Companhia de Saneamento Básico do Estado de São Paulo ADR which would more than double the current price.
