(CPL) CPFL Energia S.A. – Bull of the Day

February 8th, 2010

We are maintaining our Outperform rating on CPFL Energia S.A. (CPL). The company posted in-line results for the third quarter of 2009, despite non-recurring items.

The company’s outlook for the short-to-medium term remains positive, mainly considering the more relaxed monetary policy in Brazil and the growing demand for electricity, even though the company is still contending with a difficult business environment around the world.

Finally, CPL has a solid dividend payout and its valuation appears to be highly attractive mainly considering the non-cyclical nature of the company.

Zacks Investment Research

More on this topic (What's this?)
Benzinga's Top Upgrades (CPL, TOT, MRX, HOLX) (Benzinga, 9/14/10)
Read more on CPFL Energia S.A. at Wikinvest

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