Leading analysts from global investment firm, Goldman Sachs, have predicted the Brazil's Bovespa index will likely rise by 26 per cent over the course of 2011.
Analysts, Stephen Graham and Alexander Kazan, told clients that the index would reach 85,500 next year, citing compelling valuations after Brazilian stocks trailed emerging-market peers.
The pair warned, however, that the economic performance in Brazil could still remain constrained in the near terms, particularly if, as expected, the central bank starts raising interest rates in January.
