Zacks Investment Research upgraded shares of GAFISA SA-ADR (GFA) from UNDERPERFORM to NEUTRAL on May 10, 2012, with a target price of $3.90.
GAFISA are one of Brazils leading diversified national homebuilders. Over the last fifty years, They have been recognized as one of the foremost professionally managed homebuilders, having completed and sold more than nine hundred developments and constructed over forty million square meters of housing, which they believe is more than any other residential development company in Brazil.They believe "Gafisa" is one of the best-known brands in the real estate development market,
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