Natura Cosmeticos SA , Brazil’s biggest cosmetics maker, headed to its fourth consecutive record close after Raymond James & Associates Inc. cited the company’s “strong momentum” as it expands in Brazil and abroad.
BRF - Brasil Foods SA, the world’s largest poultry exporter, dropped the most in two months in Sao Paulo after fourth-quarter profit missed analyst estimates because of a one-time tax expense and higher costs.
Cia. Brasileira de Distribuicao Grupo Pao de Acucar , Brazil’s biggest retailer, posted the steepest two-day drop in four months as a dispute between its controllers spurred Raymond James & Associates Inc. to cut its rating.
Multiplus SA, the frequent-flier unit of Latam Airlines Group SA’s Brazil subsidiary, rallied after the stock was raised to the equivalent of a buy at Raymond James & Associates Inc. on a stronger U.S. dollar.