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	09/08/21	R$38.00	Buy
Goldman Sachs	Marcio Farid	07/12/22	R$ 37.00	Buy
Bradesco	Thiago Lofiego	05/26/22	R$40.00	Buy
BTG	Leonardo Correa	06/28/22	R$43.00	Buy
HSBC	Jonathan Brandt	01/25/22	R$38.30	Buy
Itaú	Daniel Sasson	05/08/21	R$36.00	Buy
JP Morgan	Rodolfo Angele	07/26/22	R$40.00	Buy
Morgan Stanley	Carlos de Alba	02/24/22	R$26.50	Hold
Santander	Rafael Barcellos	05/05/22	R$33.00	Buy
Bank of America	Caio Ribeiro	05/11/22	R$46.00	Buy
Citi	Alex Hacking	05/11/22	R$33.00	Buy
Scotiabank	Alfonso Salazar	05/05/22	R$40.00	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.