Analysts Recommendations

Recommendation and Target Price (R$)
Broker Recommendation Target Price (R$)
Banco do Brasil Buy 42.50*
Bank of America Merrill Lynch Neutral 42.50*
Bradesco Buy 102.00
Brasil Plural Buy 90.00
BTG Pactual Buy 47.00*
Citi Buy 105.00
Credit Suisse Buy 112.00
Eleven Financial Buy 40.00*
Goldman Sachs Neutral 24.00*
HSBC Neutral 80.00
Itaú BBA Buy 39.00*
J.P.Morgan Buy 38.00*
Morgan Stanley Neutral 28.00*
Safra Buy 102.00
Santander Buy 132.00
UBS Buy 95.00
XP Investimentos Neutral 39.00*

*Recommendation and target price after spin-off of the cash & carry operation