Analysts Coverage

Brokerage House	Analyst	Recommendation	Target Price (R$)
Bradesco	Henrique Brustolin	Neutral	28.00
BTG Pactual	Thiago Duarte	Buy	44.00
Citi	Gabriel Barra	Buy	31.00
HSBC	Santosh Seshadri	Buy	38.00
Itaú	Gustavo Troyano	Buy	31.00
JP Morgan	Lucas Ferreira	Buy	28.00
Bank of America	Isabella Simonato	Buy	33.00
Morgan Stanley	Julia Rizzo	Neutral	30.00
Santander	Rodrigo Reis De Almeida	Buy	36.00
UBS	Matheus Enfeldt	Buy	30.00
XP Investimentos	Leonardo Alencar	Neutral	31.60
Based in the most recently published reports