Capital Market Analysts

The Gerdau companies have reports written and published by financial analysts. Gerdau does not guarantee or endorse any conclusions presented by these institutions and analysts. For copies of these reports, please contact the institution or the analyst of your choice directly and at your own risk. This list does not include all analysts and institutions that follow and publish reports on Gerdau. Gerdau reserves the right to include the names of analysts and institutions in this list. Any opinion, estimates or projections of the performance of the Gerdau companies do not represent the opinion, projections or estimates of Gerdau or its management. The list below does not mean that Gerdau endorses or agrees with the information, conclusions or recommendations presented by these analysts and institutions. Should you be interested in including the name of an analyst or institution, we kindly ask you to send an e-mail to inform@gerdau.com.br.

 

 

 

INSTITUTION	ANALYST	DATE	TARGET PRICE	RATING
Banco do Brasil	Mary Silva	11/07/23	R$33.00	Buy
Bank of America	Caio Ribeiro	11/06/23	R$ 34.00	Buy
Bradesco	TBD	11/06/23	R$34.00	Buy
BTG	Leonardo Correa	11/06/23	R$39.00	Buy
Citi	Alex Hacking	11/06/23	R$36.00	Buy
Genial	Igor Guedes	11/07/23	R$32.00	Neutral
Goldman Sachs	Marcio Farid	08/09/23	R$31.00	Neutral
HSBC	Jonathan Brandt	08/09/23	R$32.50	Buy
Itaú	Daniel Sasson	11/06/23	R$31.00	Buy
JP Morgan	Rodolfo Angele	11/06/23	R$28.00	Neutral
Morgan Stanley	Carlos de Alba	11/06/23	R$30.00	Neutral
Santander	Rafael Barcellos	11/06/23	R$34.00	Buy
Scotiabank	Alfonso Salazar	11/07/23	R$31.00	Neutral
XP	Lucas Laghi	10/03/23	R$32.80	Buy

 

Subtitle
Buy	Overweight Outperform Buy	The analyst expects the stock to perform better than market average.
Neutro	Equal weight Market perform Neutral	The analyst expects the stock to perform in line with market average..
Sell	Underweight Underperform Sell	The analyst expects the stock to perform below market average.