Goldman Sachs Starts Cosan (CZZ) at Buy

Goldman Sachs initiates coverage on Cosan (NYSE: CZZ) with a Buy rating and $15.70 price target.

Elevated fuel prices and concerns over climate change support a strong growth for the Brazilian S&E sector, Goldman noted.

"Cosan offers a unique combination of assets that should capture opportunities in the sector better than those of non-integrated producers," the analyst said. "As operations become more complex, the advantages of Cosan's vertically integrated assets increase, and we believe these benefits are not well understood or priced in."

For more ratings news on Cosan click here and for the rating history of Cosan click here.

Shares of Cosan closed at $11.44 yesterday.

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