ANALYST COVERAGE
| Financial Institution | Analyst | Report Date | Rating | TP-12M |
| Evercore ISI | David Togut | 06-Oct-21 | Buy | $ 77.0 |
| Bank of America | Mario Pierry | 29-Sep-21 | Buy | $ 77.0 |
| New Street Research | Soomit Datta | 16-Sep-21 | Buy | $ 75.0 |
| Morgan Stanley | Jorge Kuri | 08-Oct-21 | Buy | $ 70.0 |
| Deutsche Bank | Bryan Keane | 13-Aug-21 | Buy | $ 70.0 |
| Susquehanna | James Friedman | 07-Oct-21 | Buy | $ 70.0 |
| UBS | Mariana Taddeo | 16-Aug-21 | Buy | $ 70.0 |
| Bradesco BBI | Otávio Tanganelli | 09-Sep-21 | Buy | $ 69.0 |
| Goldman Sachs | Tito Labarta | 13-Sep-21 | Buy | $ 68.0 |
| Santander | Henrique Navarro | 09-Mar-21 | Buy | $ 67.0 |
| J.P. Morgan | Domingos Falavina | 01-Oct-21 | Buy | $ 66.0 |
| Citibank | Gabriel Gusan | 24-Sep-21 | Buy | $ 65.0 |
| KeyBanc | Josh Beck | 13-Aug-21 | Buy | $ 65.0 |
| HSBC | Neha Agarwala | 29-Sep-21 | Buy | $ 65.0 |
| Itaú BBA | Marco Calvi | 01-Oct-21 | Buy | $ 65.0 |
| Credit Suisse | Daniel Federle | 09-Jun-21 | Buy | $ 63.0 |
| BTG Pactual | Eduardo Rosman | 06-Oct-21 | Buy | $ 60.0 |
| Nau Securities | Alex Wright | 08-Apr-21 | Hold | $ 50.0 |
| Consensus-Avg | $ 66.6 |