| INSTITUTION |
ANALYST |
RECOMMENDATION |
TARGET PRICE |
| Banco BTG |
Samuel Alves |
Neutral |
R$13.00 |
| Banco Itaú IBBA |
Vinicius Figueiredo |
Buy |
R$14.00 |
| Bradesco BBI |
Marcio Osako |
Neutral |
R$11.00 |
| Citi |
Leandro Bastos |
Neutral |
R$11.00 |
| Goldman Sachs |
Gustavo Miele |
Buy |
R$11.50 |
| UBS |
André Salles |
Neutral |
R$11.00 |
| JP Morgan |
Joseph Giordano |
Neutral |
R$11.00 |
| Safra |
Vitor Pini |
Neutral |
R$11.50 |
| BofA |
Gustavo Tiseo |
Buy |
R$14.00 |
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