ANALYST COVERAGE
| Financial Institution | Analyst | Report Date | Rating | TP-12M |
| Morgan Stanley | Jorge Kuri | 03-Jun-21 | Buy | $ 80.0 |
| Evercore ISI | David Togut | 14-Jul-21 | Buy | $ 80.0 |
| Bank of America | Mario Pierry | 08-Jul-21 | Buy | $ 77.0 |
| New Street Research | Soomit Datta | 06-Aug-21 | Buy | $ 76.6 |
| Guggenheim | Jeff Cantwell | 03-Jun-21 | Buy | $ 75.0 |
| Goldman Sachs | Tito Labarta | 21-Jul-21 | Buy | $ 71.0 |
| BTG Pactual | Eduardo Rosman | 05-Jul-21 | Buy | $ 71.0 |
| Susquehanna | James Friedman | 13-Aug-21 | Buy | $ 70.0 |
| Deutsche Bank | Bryan Keane | 13-Aug-21 | Buy | $ 70.0 |
| UBS | Mariana Taddeo | 29-Jun-21 | Buy | $ 68.0 |
| Santander | Henrique Navarro | 09-Mar-21 | Buy | $ 67.0 |
| KeyBanc | Josh Beck | 06-Jul-21 | Buy | $ 65.0 |
| Itaú BBA | Marco Calvi | 06-Jun-20 | Buy | $ 65.0 |
| HSBC | Neha Agarwala | 06-Jul-21 | Buy | $ 65.0 |
| Citibank | Gabriel Gusan | 09-Jun-21 | Buy | $ 64.0 |
| Credit Suisse | Daniel Federle | 09-Jun-21 | Buy | $ 63.0 |
| J.P. Morgan | Domingos Falavina | 13-Aug-21 | Buy | $ 62.0 |
| Bradesco BBI | Otávio Tanganelli | 02-Jun-21 | Buy | $ 60.0 |
| Nau Securities | Alex Wright | 08-Apr-21 | Hold | $ 50.0 |
| Consensus-Avg | $ 68.4 |