| Institution |
Analyst |
Target Price |
Rating |
Date |
| Bank of America Merrill Lynch |
George Staphos |
R$62.00 |
Buy |
Oct-20 |
| Bradesco |
Thiago Lofiego |
R$70.00 |
Buy |
Nov-20 |
| BTG Pactual |
Leonardo Correa |
R$49.00 |
Buy |
May-20 |
| Citi |
Fernanda Cunha |
N/A |
N/A |
N/A |
| Credit Suisse |
Caio Ribeiro |
R$65.00 |
Buy |
Sep-20 |
| Goldman Sachs |
Thiago Ojea |
R$69.00 |
Buy |
Dec-20 |
| HSBC |
Jonathan Brandt |
R$66.50 |
Buy |
May-20 |
| Itau BBA |
Daniel Sasson |
R$66.00 |
Buy |
Dec-20 |
| J.P. Morgan |
Marcio Farid |
R$43.00 |
Neutral |
Aug-20 |
| Morgan Stanley |
Carlos De Alba |
R$59.00 |
Neutral |
Aug-20 |
| Santander |
Rafael Barcellos |
R$57.00 |
Hold |
Nov-20 |
| Scotia Bank |
Alfonso Salazar |
R$68.00 |
Buy |
Sep-20 |
| UBS |
Cadu Schmidt |
R$38.00 |
Sell |
Aug-20 |
| XP Investimentos |
Yuri Pereira |
R$65.00 |
Buy |
Aug-20 |
| Average |
|
R$61.50 |
|
|
| Lowest |
|
R$38.00 |
|
|
| Highest |
|
R$70.00 |
|
|
Source: Bloomberg and Brokers' Researches
Legend of recommendations:
Buy/ Outperform/ Overweight = expectation from an analyst that the stock will outperform, within the next 12 months, the average return rate of all stocks this analyst covers
Neutral/ Market perform/ Equal weight = expectation from an analyst that, within the next 12 months, the stock will perform in line with the average return rate of all stocks this analyst covers
Sell/ Underperform/ Underweight = expectation from an analyst that the stock will underperform, within the next 12 months, the average return rate of all stocks this analyst covers