Initiating Coverage on SUZANO: Headline Risk Limits Upside Potential
We are initiating coverage on Suzano with a Market Perform recommendation
Executive Summary
We are initiating coverage on Suzano with a Market Perform recommendation. We view Suzano’s notes as fairly valued relative to peers following recent spread tightening. Additionally, uncertainty over Brazil’s economic outlook, including currency weakness and fiscal challenges, along with potential trade policy risks under the new US adm…
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