Scotiabank analyst Renato Pinto upgraded Copel (ELP) to Outperform from Sector Perform with an unchanged price target of R$12. The firm cites sees further progress for the company in reducing operational expenses within its distribution business. In the current high interest rate environment, Copel stands out with lower leverage compared to its peers, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ELP:
- COPEL Reinforces Commitment to Regulatory Compliance with SEC Filing
- COPEL Schedules Annual General Shareholders’ Meeting for April 2025
- Copel Appoints New General Director to Lead Energy Operations
- COPEL Reinforces Regulatory Compliance with Latest SEC Report
- Copel and Eletrobras Engage in Strategic Asset Swap
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue