Deutsche Bank Upgrades Votorantim Celulose (VCP) to Buy
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Deutsche Bank upgrades Votorantim Celulose (NYSE: VCP) from Hold to Buy and raises its price target from $22 to $37. The firm said "Potential synergies on consolidation" could lead to improving earnings growth for Votorantim.
Votorantim Celulose e Papel S.A. produces a variety of pulp and paper products. It produces pulp both for sale (market pulp) and for use in its paper production.
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