Brazil's Sabesp Upgraded on Lower Risk of Water Shortage -- Market Talk

Dow Jones

Jan 24

1457 ET - Brazil's water and sewage utility Sabesp is likely to avoid water-shortage penalties investors have been worried about, UBS BB analysts write. They upgrade Sabesp to buy from neutral and increase the price target to 169 from 162 Brazilian reais per share. The analysts see the current price --138 BRL a share-- "as an attractive entry point opportunity." They say reservoirs' levels are higher than in previous supply crisis and stress tests show that "even in a worst-case scenario, the financial impact [of water shortage] would be limited to approximately 2.5% of market cap, which is not as severe as the market appears to be pricing in." Sabesp's ADR rises 2%. (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

January 23, 2026 14:57 ET (19:57 GMT)

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They upgrade Sabesp to buy from neutral and increase the price target to 169 from 162 Brazilian reais per share. The analysts see the current price --138 BRL a share-- \"as an attractive entry point opportunity.\" They say reservoirs' levels are higher than in previous supply crisis and stress tests show that \"even in a worst-case scenario, the financial impact [of water shortage] would be limited to approximately 2.5% of market cap, which is not as severe as the market appears to be pricing in.\" Sabesp's ADR rises 2%. (paulo.trevisani@wsj.com; @ptrevisani) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 23, 2026 14:57 ET (19:57 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Brazil's Sabesp Upgraded on Lower Risk of Water Shortage -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBrazil's Sabesp Upgraded on Lower Risk of Water Shortage -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-01-24 03:57</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1457 ET - Brazil's water and sewage utility <a href=\"https://laohu8.com/S/SBS\">Sabesp</a> is likely to avoid water-shortage penalties investors have been worried about, UBS BB analysts write. They upgrade Sabesp to buy from neutral and increase the price target to 169 from 162 Brazilian reais per share. The analysts see the current price --138 BRL a share-- \"as an attractive entry point opportunity.\" They say reservoirs' levels are higher than in previous supply crisis and stress tests show that \"even in a worst-case scenario, the financial impact [of water shortage] would be limited to approximately 2.5% of market cap, which is not as severe as the market appears to be pricing in.\" Sabesp's ADR rises 2%. (paulo.trevisani@wsj.com; @ptrevisani) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 23, 2026 14:57 ET (19:57 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SBS","symbol_name":"Sabesp","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2605400457","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2605400457","pubTimestamp":1769198220,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1457 ET - Brazil's water and sewage utility Sabesp is likely to avoid water-shortage penalties investors have been worried about, UBS BB analysts write. They upgrade Sabesp to buy from neutral and increase the price target to 169 from 162 Brazilian reais per share. The analysts see the current price --138 BRL a share-- \"as an attractive entry point opportunity.\" They say reservoirs' levels are higher than in previous supply crisis and stress tests show that \"even in a worst-case scenario, the financial impact [of water shortage] would be limited to approximately 2.5% of market cap, which is not as severe as the market appears to be pricing in.\" Sabesp's ADR rises 2%. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"SBS":"Sabesp"},"translate_title":"巴西Sabesp因缺水风险降低而升级——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SBS":1.5},"content_text":"1457 ET - Brazil's water and sewage utility Sabesp is likely to avoid water-shortage penalties investors have been worried about, UBS BB analysts write. They upgrade Sabesp to buy from neutral and increase the price target to 169 from 162 Brazilian reais per share. The analysts see the current price --138 BRL a share-- \"as an attractive entry point opportunity.\" They say reservoirs' levels are higher than in previous supply crisis and stress tests show that \"even in a worst-case scenario, the financial impact [of water shortage] would be limited to approximately 2.5% of market cap, which is not as severe as the market appears to be pricing in.\" Sabesp's ADR rises 2%. (paulo.trevisani@wsj.com; @ptrevisani) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 23, 2026 14:57 ET (19:57 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}