ANALYST COVERAGE
| Financial Institution | Analyst | Report Date | Rating | TP-12M |
| Morgan Stanley | Jorge Kuri | 03-Jun-21 | Buy | $ 80.0 |
| Evercore ISI | Rayna Kumar | 02-Jun-21 | Buy | $ 80.0 |
| Autonomous | Craig Meurer | 10-Mar-21 | Buy | $ 78.0 |
| Bank of America | Mario Pierry | 08-Mar-21 | Buy | $ 77.0 |
| Deutsche Bank | Bryan Keane | 09-May-21 | Buy | $ 75.0 |
| Guggenheim | Jeff Cantwell | 03-Jun-21 | Buy | $ 75.0 |
| Goldman Sachs | Tito Labarta | 03-Jun-21 | Buy | $ 71.0 |
| New Street Research | Soomit Data | 25-Mar-21 | Buy | $ 70.4 |
| BTG Pactual | Eduardo Rosman | 08-Apr-21 | Buy | $ 69.0 |
| Santander | Henrique Navarro | 09-Mar-21 | Buy | $ 67.0 |
| UBS | Mariana Taddeo | 04-May-21 | Buy | $ 65.0 |
| Susquehanna | James Friedman | 03-Jun-21 | Buy | $ 65.0 |
| KeyBanc | Josh Beck | 16-Mar-21 | Buy | $ 65.0 |
| Itaú BBA | Marco Calvi | 06-Jun-20 | Buy | $ 65.0 |
| HSBC | Neha Agarwala | 20-Apr-21 | Buy | $ 65.0 |
| Citibank | Jörg Friedmann | 09-Jun-21 | Buy | $ 64.0 |
| Credit Suisse | Daniel Federle | 09-Jun-21 | Buy | $ 63.0 |
| J.P. Morgan | Domingos Falavina | 07-Jun-21 | Buy | $ 61.0 |
| Bradesco BBI | Otávio Tanganelli | 25-May-21 | Buy | $ 56.0 |
| Nau Securities | Alex Wright | 08-Apr-21 | Hold | $ 50.0 |
| Consensus-Avg | $ 68.1 |