| Institution | Analyst | Target price (R$) |
|---|---|---|
| Banco do Brasil | Georgia Jorge | 24.00 |
| Banco Inter | Breno Paula | 32.00 |
| BofA Merrill Lynch | Robert Ford | 30.00 |
| Bradesco | João Andrade | 25.00 |
| BTG Pactual | Luiz Guanais | 29.00 |
| Citibank | João Soares | 26.00 |
| Credit Suisse | Victor Saragiotto | 36.00 |
| Eleven Financial | Felipe Demolein | 37.00 |
| Goldman Sachs | Irma Sgarz | 17.00 |
| HSBC | Felipe Cassimiro | 26.00 |
| Itaú | Thiago Macruz | 40.00 |
| JP Morgan | Joseph Giordano | 17.00 |
| Morgan Stanley | Andrew Rubin | 20.00 |
| Nau Securities | Alex Wright | 70.00 |
| Safra | Vitor Pini | 30.00 |
| Santander | Ruben Couto | 35.00 |
| XP Research | Danniela Eiger | 20.00 |
Americanas is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Americanas’s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Americanas or its management. Americanas does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.