Itaú BBA has resumed coverage of Grupo Pão de Açúcar (GPA) – PCAR3 – with a “market perform” recommendation. They set a price target of R$3.70 for the end of 2024, suggesting a potential 19% increase from Wednesday’s closing price. GPA has undergone significant changes, resulting in a simpler structure and a focused approach on […]
Related Posts
Santos Falters Against Chapecoense, Risking Série B Lead
Santos suffered a 3-2 defeat to Chapecoense at Arena Condá in Chapecó, jeopardizing their top position in Série B. The match, part of the 32nd round of Brazil’s second-tier championship, saw Santos take an early lead before succumbing to a determined Chapecoense side. Guilherme opened the scoring for Santos, but Chapecoense responded with goals from […]
Oil Prices Surge Over 1% Following Statements from Saudi Minister
This Thursday saw a nearly 2% spike in oil prices, energized by a weakened U.S. dollar—a boon for commodities. On the very same day, the eyes of investors were locked on OPEC+ as the organization hinted at voluntary production cuts. Such moves can dramatically sway global markets, underscoring the influence of oil on economic currents […]
Brazil’s New Legal Direction with Prosecutor General Gonet
Paulo Gonet, as Brazil’s newly appointed Prosecutor General, has begun his tenure with a distinct focus. He aims to steer clear of the spotlight, contrasting with the high-profile nature of the Public Ministry during Operation Car Wash. This marks a shift towards a more restrained and discrete approach in legal matters. Gonet, succeeding Augusto Aras, […]