Sabesp initiated with a Buy at Jefferies

Jefferies initiated coverage of Sabesp (SBS) with a Buy rating and $36.60 price target The says that while the stock has performed well in 2026, the market still underappreciates Sabesp’s potential ramp up operational efficiencies and water/sewage coverage under supportive regulation in Brazil. The company trades at a 50% discount to its global peers, which should narrow as its growth accelerates, the analyst tells investors in a research note.