Recommendations & Price Target (R$)

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# of Brokers: 15 Fiscal Year: 2010 Format: BRGAAP
Consensus Recommendation Consensus Target Price
Buy 43.75% Mean 18
Hold/Neutral 50.00% Standard Deviation 2
Sell 6.25% Highest 21
Under Review 0.00% Lowest 15

Recommendations & Price Target Detailed by Broker
Brokers Last Review Recommendation Target Price (R$) Change
Itaś 06/09/2010 Market Perform 18.40
JP Morgan 01/15/2010 Underweight 17.00
UBS 01/13/2010 Neutral 17.50
Bradesco 06/10/2010 Outperform 18.00
Safra 01/08/2010 Neutral 18.50
Banco Fator 12/16/2009 Attractive 19.00
Santander 12/01/2009 Buy 18.00
Credit Suisse 06/13/2010 Neutral 17.50
Merrill Lynch 07/19/2010 Neutral 17.50
Barclays 04/15/2010 Overweight 21.00
Goldman Sachs 04/27/2010 Neutral 17.00
BB Investimentos 03/05/2010 Buy 19.70
Votorantim 04/20/2010 Buy 17.50
Citi 04/19/2010 Hold 15.90
BTG Pactual 07/22/2010 Neutral 18.00


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