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Analyst Coverage

INSTITUTION ANALYST Target Price1 Recommendation
Alkin Research Anderson Meneses N/A N/A
Ativa Investimentos Ilan Arbetman N/A N/A
Banco do Brasil Mary Silva 28.0 HOLD
Banco Inter Gabriela Cortez 40.0 BUY
Bank of America George L. Staphos 33.0 BUY
Bradesco BBI Thiago Lofiego 38.0 BUY
BTG Pactual Leonardo Correa 39.0 BUY
Credit Suisse Caio Ribeiro 31.5 HOLD
Eleven Research Diana Stuhlberger N/A N/A
HSBC Jonathan Brandt 34.0 BUY
Itaú BBA Daniel Sasson 38.0 BUY
JP Morgan Rodolfo Angele 36.0 BUY
Morgan Stanley Carlos de Alba 38.0 BUY
Santander Rafael Barcellos 36.0 BUY
Scotiabank Alfonso Salazar 35.0 BUY
UBS Cadu Schmidt 34.0 BUY
XP Investimentos Yuri Pereira 32.0 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.