EU and US could reach trade deal this weekend - Reuters
Investing.com - Citi has initiated coverage on Dexco SA (DXCO3:BZ) with a Buy rating and a price target of R$8.50 per share.
The investment bank classified the rating as "High Risk" while highlighting Dexco’s strong market position across multiple segments in Brazil, including wood panels, metals, sanitary ware, and ceramic tiles.
Citi pointed to improving fundamentals across Dexco’s business segments and identified significant upside potential from the company’s operational turnaround efforts and ongoing deleveraging.
The bank’s analysis suggests Dexco presents an "interesting asymmetry story" for investors, with limited downside risk compared to potential upside.
Citi expects Dexco to benefit from improving earnings and a strengthening balance sheet, which could trigger a re-rating of the stock.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.