Santander Sees Bovespa Rising to 65,000-70,000 in 2012

(Corrects level in first paragraph.)

The Bovespa stock index will rise to 65,000 to 70,000 by the end of this year, Banco Santander Brasil SA economist Mauricio Molan said.

The gauge is currently trading at 58,875.90. Molan spoke to reporters in Sao Paulo.

To contact the reporter on this story: Ney Hayashi in Sao Paulo at ncruz4@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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