Equatorial Energia SA (EQTL3), a Brazilian
electricity distributor, was raised to “buy” from
“underperform” at Banco Santander SA.
Cia. Energetica de Minas Gerais, the state-controlled
electricity utility serving Minas Gerais state, and EDP --
Energias do Brasil SA, were increased to “buy” from
The Brazilian electricity sector will benefit from higher
inflation rates, analysts Marcio Prado, Andre Rezende and Maria Carolina Carneiro wrote in a note to clients dated today.
To contact the reporter on this story:
Ney Hayashi in Sao Paulo at
To contact the editor responsible for this story:
David Papadopoulos in New York at
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