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Gafisa S.A. Message Board

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  • the_entitled the_entitled Oct 11, 2012 3:12 PM Flag

    09:33 EDT Gafisa SA upgraded to Neutral from Underweight at JPMorgan

    More upgrades coming aligned with:

    "The eight-member central bank board cut the target lending rate by a quarter-percentage point to 7.25 percent yesterday, saying keeping monetary conditions stable for a “sufficiently prolonged period” was the best strategy for balancing inflation risks stemming from a recovery in domestic activity with continued “complexity” in the global economy. " Bloomberg it.

    Brazilian credit expansion running in all cylinders just in time for the Brazilian Housing Season kickoff.

    Sentiment: Strong Buy

 
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