Merrill Lynch Downgrades Votorantim Celulose e Papel (VCP) to Neutral

March 7, 2008 9:19 AM EST

Merrill Lynch downgrades Votorantim Celulose e Papel (NYSE: VCP) from Buy to Neutral.

Votorantim Celulose e Papel S.A. (VCP) produces a variety of pulp and paper products in Brazil, including wood-free printing and writing papers and specialty papers.


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