NEW YORK ( TheStreet) -- Petroleo Brasileiro (PBR - Get Report), Tele Norte Leste (TNE), Fibria Celulose (FBR - Get Report), Gerdau (GGB - Get Report), Companhia Siderurgica Nacional (SID - Get Report), VALE (VALE - Get Report), Banco Bradesco (BBD), Companhia Energetica de Minas Gerais (CEMIG) (CIG - Get Report), Itau Unibanco Holding (ITUB) and Banco Santander (Brasil) (BSBR - Get Report) have an upside up to 44%, based on analysts' consensus estimates of 12-month price targets.Brazilian stocks were pummeled to their lowest levels in more than five months at close Friday. Brazil's Bovespa has shed 2.24% and 5.7% during the last one month. Besides, depleting public finances and rising inflation numbers accentuated the decline. The Egyptian political unrest has shaken equity markets around the world.
10 Brazilian Stocks With Upside
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