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The IPCA-15 index rose 0.32% in the month to mid-October, down from 0.70% in the previous month and below economists’ 0.43% forecast. The data was released ahead of Brazil’s presidential runoff.
Jefferies kept Porsche at hold with a 49 euro target after investor-event remarks on margins and cash returns. UBS raised Volvo to buy and Bernstein upgraded Continental to outperform, while shares in the sector were mixed.