Analyst Coverage

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COMPANY ANALYST RECOMMENDATION TARGET PRICE LAST REVISION
BTG Pactual João Pimentel BUY R$ 30.00 01/21/2020
Credit Suisse Maria Carolina Carneiro OUTPERFORM R$ 28.84 10/28/2019
Goldman Sachs Pedro Manfredini Buy R$ 28.80 11/14/2019
Itaú BBA Marcelo Sá MARKET PERFORM R$ 30.00 01/05/2020
JP Morgan Fernando Abdalla Neutral R$ 32.00 02/03/2020
Santander Thiago Silva BUY R$ 29.34 12/18/2019
Banco do Brasil Rafael Dias MARKET PERFORM R$ 26.30 04/23/2019
Safra Kaique Vasconcellos Neutral R$ 32.10 02/13/2020
Brasil Plural Vitor Sousa EQUAL WEIGHT R$ 29.00 01/13/2020
Bradesco Francisco Navarrete OUT PERFORM R$ 29.00 03/25/2019
BofA Merrill Lynch Arthur Pereira Neutral R$ 27.00 12/05/2019

Source: Bloomberg and Research Reports

Alupar Investimento S.A. is covered by the analysts listed above. It is important to note that any opinion, estimate and forecast regarding Alupar’s performance made by these analysts are exclusively theirs and do not represent opinions or forecasts of the Company or its Management. Alupar Investimento S.A. does not endorse said information or share those opinions, conclusions or recommendations, or their dissemination. The Company does not guarantee that the list of analysts above is complete or up-to-date and that the information to be made available here is subject to authorization of the respective analysts.