Goldman Sachs upgraded Suzano Papel & Celulose, citing favorable valuation and currency tailwinds

From Yahoo Finance: 2025-06-23 12:35:00

Goldman Sachs upgraded Suzano Papel & Celulose from Neutral to Buy on June 13, raising its price target to R$65 from R$63. The new target implies a 22.6% upside for the Brazilian pulp producer. Analysts cited favorable valuation, currency tailwinds, and sector underexposure. Suzano exports heavily in U.S. dollars, benefiting from an 11% YTD depreciation in the Brazilian real, with pulp prices near marginal cost levels. The stock is currently trading at a 15–17% free cash flow yield and 5.4–4.6x EV/EBITDA, signaling room for rerating. Goldman sees Suzano as an undervalued exporter poised to benefit from currency trends and a stabilizing pulp market.



Read more at Yahoo Finance: Goldman Sachs Upgrades Suzano, Sees Undervalued Export Play Amid FX Shift and Sector Repricing