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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
    07/15/2019
    Hold
    59.00
    15.30
    Bradesco 08/21/2018 Hold 29.00 N/A
    Brasil Plural
    08/22/2018
    Buy
    45.00
    N/A
    BTG
    08/14/2019
    Buy
    52.00
    12.83
    Citi
    08/14/2019
    Hold
    48.10
    N/A
    Coinvalores
    08/16/2018
    Buy
    32.00
    N/A
    Credit Suisse
    08/14/2019
    Hold
    51.64
    N/A
    GBM 12/14/2016 Buy 49.50 N/A
    HSBC 07/23/2019 Buy 56.00 9.00
    Itaú

    05/16/2018

    Buy
    44.00
    N/A
    J. P. Morgan
    08/26/2019
    Buy
    63.00
    N/A
    Morgan Stanley
    08/15/2019
    Sell
    51.00
    N/A
    Safra 08/14/2019 Hold 54.60 N/A
    Santander
    02/09/2017
    Buy
    31.56
    9.02
    UBS
    05/15/2019
    Buy
    52.00
    N/A
    XP Investimentos 08/14/2019 Buy 65.00 16.30

    N/A = Not Available
    R = Revision 

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