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Analyst Coverage

INSTITUTION ANALYST Target Price1 Recommendation
Alkin Research Anderson Meneses N/A N/A
Ativa Investimentos Ilan Arbetman 32.0 BUY
Banco do Brasil Mary Silva 32.0 HOLD
Banco Inter Gabriela Cortez 38.0 BUY
Bank of America Caio Ribeiro 29.0 BUY
Bradesco BBI Thiago Lofiego 37.0 BUY
BTG Pactual Leonardo Correa 37.0 BUY
Eleven Research Diana Stuhlberger N/A N/A
Goldman Sachs Marcio Farid 28.0 HOLD
HSBC Jonathan Brandt 33.0 BUY
Itaú BBA Daniel Sasson 29.0 BUY
JP Morgan Rodolfo Angele 32.0 BUY
Morgan Stanley Carlos de Alba 28.0 BUY
Santander Rafael Barcellos 30.0 BUY
Scotiabank Alfonso Salazar 31.0 BUY
UBS Cadu Schmidt 33.0 BUY
Warren Frederico Nobre 32.15 BUY
XP Investimentos André Vidal 31.2 BUY

1: R$/unit – Refers to the 12-month target price and the recommendation of KLBN11 shares.

The analysts are professionals from Klabin S.A.’s independent institutions. Any estimates, opinions or forecasts regarding Klabin’s performance made by these analysts are their exclusive responsibility and do not represent estimates, opinions or forecasts of the Company or its management. The fact that Klabin makes the reference above or distributes this data does not imply endorsement or conformity of opinion with that information, conclusions or recommendations.