UBS Downgrades Vivo Participacoes (VIV) to Neutral
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UBS downgrades Vivo Participacoes (NYSE: VIV) from Buy to Neutral, citing valuation. The firm lowered its price target from BRL14.00 to BRL13.50, or $8.43.
Vivo Participacoes S.A., through its subsidiaries, provides cellular telecommunications services in Brazil.
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