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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
    08/14/2014
    Sell
    31.00
    12.50
    Bradesco 08/16/2016 Buy 51.00 N/A
    Brasil Plural
    01/06/2017
    Buy
    41.00
    N/A
    BTG
    08/10/2017
    Hold
    37.00
    11.65
    Citi
    08/11/2017
    Buy
    32.20
    N/A
    Coinvalores
    08/15/2017
    Buy
    38.90
    N/A
    Credit Suisse
    08/10/2017
    Hold
    26.00
    N/A
    GBM 12/14/2016 Buy 49.50 N/A
    Goldman Sachs
    08/10/2017
    Hold
    37.00
    10.90
    HSBC 08/10/2017 Buy 34.00 11.00
    Itaú
    08/10/2017
    Buy
    48.00
    N/A
    J. P. Morgan
    08/10/2017
    Hold
    34.50
    N/A
    Morgan Stanley
    05/16/2017
    Buy
    39.00
    N/A
    Safra 08/10/2017 Buy 37.10 N/A
    Santander
    07/24/2017
    Buy
    37.74
    10.06
    UBS
    05/16/2017
    Sell
    27.00
    N/A

    N/A = Not Available
    R = Revision 

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