09:33 EDT Gafisa SA upgraded to Neutral from Underweight at JPMorgan
Oct 11, 2012.
Time to get in while there are enuf non believers of the turn around plan. That's where most of the money is made. I know from the US housing market....when PHM and KBH were trading around $4s and $6s people did not want to see or believe the bottom was hit and no one wants to believe and others were scared......Fast forward a few months and the two stocks are trading $16s and $15 respectively.
"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.