Tuesday, May 5, 2009

Goldman Sachs Raises Brazil's Aracruz Target To $13.80>ARA

SAO PAULO (Dow Jones)--Goldman Sachs raised its six-month target price for Brazilian paper-and-pulp company Aracruz (ARA) to $13.80 Tuesday after beating its previous target of $6.90 by a country mile, the bank said Tuesday.

Aracruz shares rose over 10% in New York on Tuesday to $14.75 per share, already surpassing Goldman's Sachs' ...


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