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    Analyst Coverage

    Brokers
    Report Date
    Recommendation
    Target Price (Share PN/ADR)
          R$/Share(CPEL6) US$/ADR(ELP)
    Àgora
    11/30/2016
    Buy
    51.00
    N/A
    BofA Merrill Lynch
    05/16/2018
    Sell
    34.00
    10.00
    Bradesco 08/21/2018 Hold 29.00 N/A
    Brasil Plural
    08/22/2018
    Buy
    45.00
    N/A
    BTG
    11/09/2018
    Hold
    34.00
    8.79
    Citi
    11/09/2018
    Hold
    24.50
    N/A
    Coinvalores
    08/16/2018
    Buy
    32.00
    N/A
    Credit Suisse
    11/09/2018
    Hold
    25.33
    N/A
    GBM 12/14/2016 Buy 49.50 N/A
    Goldman Sachs
    11/09/2018
    Hold
    28.00
    7.00
    HSBC 11/09/2018 Buy 35.00 9.00
    Itaú

    05/16/2018

    Buy
    44.00
    N/A
    J. P. Morgan
    11/09/2018
    Hold
    27.12
    N/A
    Morgan Stanley
    05/16/2017
    Buy
    39.00
    N/A
    Safra 11/09/2018 Buy 30.10 N/A
    Santander
    02/09/2017
    Buy
    31.56
    9.02
    UBS
    08/15/2018
    Sell
    19.00
    N/A

    N/A = Not Available
    R = Revision 

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