By William Freebairn and James Attwood
Sept. 24 (Bloomberg) -- The following companies may have unusual price changes today in Latin America trading. Stock symbols are in parentheses, and share prices are from the previous close. Preferred shares are usually the most-traded class of stock in Brazil.
The MSCI Latin America Index fell 4.1 percent yesterday to 3,346.66.
Brazil
Cia. de Bebidas das Americas (AMBV4 BS): Latin America's biggest brewer was raised to ``outperform'' from ``neutral'' by Credit Suisse Group, which said the company is cheaper than global rivals. The Sao Paulo-based unit of InBev NV is trading at 20 percent less than the average of other global beermakers, based on earnings potential and other measures, Credit Suisse analysts wrote. Ambev fell 4.8 percent to 100 reais.
Cia. Vale do Rio Doce (VALE5 BS): The world's biggest iron- ore producer said a group of protesters blocked an access road to its Brazilian nickel project without affecting work. Access to the nickel mine, which is scheduled to begin operations next year, was blocked by about 150 members of the Landless Workers Movement, a press official said yesterday in Rio de Janeiro. Vale fell 5.4 percent to 33.52 reais.
Chile
Cencosud SA (CENCOSUD CC): Chile's biggest retailer, which has operations in Brazil, Peru and Colombia, was raised to ``buy'' from ``hold'' at Deutsche Bank AG. The stock probably will rise to 2,100 pesos, analyst Reinaldo Santana wrote in a note to clients yesterday. Cencosud rose 0.4 percent to 1,407.9 pesos.
Distribucion y Servicio D&S SA (DYS CC): The owner of Chile's biggest supermarket chain was raised to ``hold'' from ``sell'' at Deutsche Bank. The company's American depositary receipts may rise to $23, Santana wrote in a note to clients yesterday. The ADRs (DYS US) gained 5.6 percent to $22.60 as Santiago-traded shares dropped 1.2 percent to 198.5 pesos.
Mexico
Alsea SAB (ALSEA* MM): The operator of Domino's Pizza franchises in Latin America said it has been sued to force completion of an agreement to acquire the Italianni's restaurant chain in Mexico. The Mexico City-based company was notified this week of the civil lawsuit, it said in a statement to the Mexico City stock exchange yesterday. Alsea rose 1.1 percent to 9.10 pesos.
Gruma SAB (GRUMAB MM): The world's largest maker of corn flour was given a ``buy'' rating in new coverage from IXE Grupo Financiero and Banif Securities. Shares of Gruma may rise 52 percent by the end of next year on growing demand for tortillas, analysts led by Marco Reyes wrote in a research report e-mailed yesterday. Gruma rose 3.3 percent to 23.29 pesos.
Grupo Mexico SAB (GMEXICOB MM): Mexico's biggest mining company must let creditors vote on its proposal to reorganize and regain control of its bankrupt Asarco LLC unit, a U.S. judge ruled yesterday. A competing plan sponsored by Asarco, which is being run by an independent board, will also go before creditors, U.S. Bankruptcy Judge Richard Schmidt said yesterday in Corpus Christi, Texas. Grupo Mexico rose 1 percent to 13.50 pesos.
To contact the reporters on this story: William Freebairn in Mexico City at wfreebairn@bloomberg.net; James Attwood in Santiago at jattwood3@bloomberg.net
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