CPFL Energia (CPL)
We are maintaining our Outperform rating on CPFL Energia (<a href=http://www.zacks.com/stock/quote/cpl>CPL</a>). The company posted in-line results for the third quarter of 2009, despite non-recurring items. <p> The company's outlook for the medium-term remains positive, mainly considering the more relaxed monetary policy in Brazil and the growing demand for electricity, even though there is the still-difficult business environment around the world. <p> Finally, CPL has a solid dividend payout and its valuation appears to be highly attractive, mainly considering the noncyclical nature of the company.
November 26, 2009 | Filed Under Stock Picks
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