Brean Murray Downgrades Sabesp (SBS) to Hold

June 2, 2008 9:54 AM EDT

Brean Murray downgrades Sabesp (NYSE: SBS) from Buy to Hold and suspends $93 price target, following news the company entered into a confidentiality agreement with EMAE to carry out a valuation of this company, without any binding effects, aiming at an eventual acquisition of assets which, among other alternatives, may result in the corporate restructuring of EMAE or the acquisition of its capital by SABESP.


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SBS 40.85

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