The 2014 Latin America Research Team: Electric & Other Utilities, No. 2: Vinicius Canheu & team
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The 2014 Latin America Research Team: Electric & Other Utilities, No. 2: Vinicius Canheu & team

Vinicius Canheu & team Credit Suisse First-place appearances: 2


Total appearances: 15


Team debut: 1994 Repeating at No. 2 is the Credit Suisse duo headed by Vinicius Canheu. “Vinicius is a very experienced and diligent analyst with a deep understanding of the industry,” attests one money manager. “He’s always active and constantly raises interesting points and ideas.” In March the analysts began reporting on Brazilian power distributor Equatorial Energia, assigning the shares an outperform rating. The company was not only well positioned for significant earnings growth but had a sufficiently large base of residential and low-income customers to withstand future government rationing constraints, they reasoned. Sure enough, through late July the stock soared 42.4 percent, rising to 25.95 reais and besting the sector by 18.2 percentage points. With a target price of 27 reais, Equatorial Energia remains recommended. The São Paulo–based researchers keep tabs on 19 Latin American utilities and counting. This year Canheu also directs, with Andre Sobreira, a runner-up team in Oil, Gas & Petrochemicals.



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