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NEW YORK (TheStreet) -- Ultrapar Participacoes (UGP) has been downgraded by TheStreet Ratings from Buy to Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
TheStreet Ratings team rates ULTRAPAR PARTICIPACOES SA as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate ULTRAPAR PARTICIPACOES SA (UGP) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. Among the primary strengths of the company is its reasonable valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow."
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