NEW YORK ( TheStreet) - - Petroleo Brasileiro (PBR - Get Report), Embraer (ERJ - Get Report), Gol Linhas Aereas Inteligentes (GOL - 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) have an upside potential of up to 60%, based on analysts' consensus estimates of 12-month price targets.Brazilian stocks plunged to their lowest levels in the past year. Brazil's Bovespa has shed around 8% during the last six months. Brazil's inflation rose to 6.55%, topping the central bank's annual upper limit of 6.5% for the second straight month. The central bank raised the benchmark Selic rate by 25 basis points (bps) to 12.25 % on June 8; overall Selic was raised by 1.5% year-to-date.
10 Brazilian Stocks With Upside
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