Wall Street Zen Downgrades Ultrapar Participacoes (NYSE:UGP) to Buy

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Ultrapar Participacoes (NYSE:UGP) was downgraded from “strong-buy” to “buy” by Wall Street Zen, though the consensus rating remains “Buy” with a $5.40 average target price. The company reported quarterly EPS of $0.05, missing estimates, and analysts forecast $0.3 EPS for the current year. Shares opened at $5.00, near a 52-week high, with a market cap of $5.58 billion.

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