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Suzano initiated with a Buy at Jefferies

Jefferies analyst Francisco Barbosa initiated coverage of Suzano (SUZ) with a Buy rating and $13.40 price target The firm says Suzano is the number one pulp producer globally. The company “stands out with world-class assets, unmatched cash costs, and strategic downstream expansion,” the analyst tells investors in a research note. Jefferies says it is positioned to navigate pulp market volatility better than peers.

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