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Multiplan Initiation

R
rpinho

- The document initiates coverage of Multiplan (MULT3), a Brazilian real estate and construction company, with a buy rating and December 2008 target price implying 59% upside. - Multiplan is involved in an ambitious growth plan and currently trades at attractive multiples relative to earnings and cash flow considering its growth prospects. - As an IPO that came out during a period of market volatility, Multiplan's investment case may have been overlooked, creating an interesting buying opportunity.

BusinessEconomy & Finance
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