BTG Pactual Says Buy ‘Cheap’ Brazil Stocks Renner, Duratex
Brazilian clothing retailer Lojas Renner SA and housing fixtures maker Duratex SA are poised to gain after last month’s underperformance on inflation concerns made them “cheap,” Banco BTG Pactual SA said.
The Rio de Janeiro-based bank recommended lowering exposure to commodity producers to 50 percent from 60 percent in a model equity portfolio for February, according to a note to clients today from analysts led by Carlos Sequeira.
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