Brazilian utilities, shopping-mall companies and a sugar producer had their stock recommendations lowered at Credit Suisse Group AG, according to reports sent to clients today by e-mail.
Utilities AES Tiete SA and Cia. de Transmissao de Energia Eletrica Paulista, or CTEEP, were lowered to “neutral” from “outperform.”
Among shopping-mall stocks, Aliansce Shopping Centers SA was cut to “neutral” from “outperform,” while Iguatemi Empresa de Shopping Centers SA was lowered to “underperform” from “neutral.”
Sao Martinho SA, a Brazilian sugar producer, was cut to “neutral” from “outperform.”
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