Zacks Investment Research downgraded shares of CPFL ENERGI-ADR (CPL) from OUTPERFORM to NEUTRAL on July 15, 2014, with a target price of $20.20.
CPFL ENERGIA is a holding company that, through its subsidiaries, distributes, commercializes and generates energy in Brazil, standing as the largest private group in the Brazilian electric sector. Its subsidiaries are widely recognized for its excellence and sustainability of their business practices and regarded as benchmarks in management, quality and operating efficiency.
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