Pedro Batista & team UBS Pactual second team Marcelo Audi & team Santander
third team Emerson Leite, Nilson Teixeira & team Credit Suisse
Reclaiming the top spot after spending last year in second place is the eight-strong UBS Pactual team led by Pedro Batista, 34. In March the Rio-based analysts highlighted their valuation-driven buy recommendation on Localiza Rent a Car, at R8.05. By late July the stock had zoomed 88.6 percent, well ahead of Brazil’s 40.4 percent broad-market advance. “They have a large, well-connected team,” observes one buy-side enthusiast.
New team leader Marcelo Audi steers the ten-analyst Santander troupe, unranked for the past two years, straight in to second place. The São Paulo–based team told clients in November the preferred shares of Cía. Energética de São Paulo were a bargain at R12.75. Through July the electricity provider’s stock sizzled to R19.32.
Dropping from first to third is the nine-member Credit Suisse team, now directed by Emerson Leite and Nilson Teixeira, following the departure of Roberto Attuch for BarCap. The São Paulo–based team downgraded the preferred shares of Vale to neutral, on slowing sales volume. The iron-ore producer’s stock slipped 0.2 percent as the broad market surged 28.1 percent, through July 31. Leite also leads the No. 2 team in Oil, Gas & Petrochemicals and is co-leader of the third-place team in Argentina; Teixeira is also co-leader of the No. 3 team in Economics.
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