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FIRM ANALYST E-MAIL RECOMMENDATION TARGET PRICE (R$)
Banco do Brasil Georgia Jorge georgiadaj@bb.com.br Market Perform/Buy 18.80
Bradesco BBI Luiz Maurício Garcia luiz.garcia@bradescobbi.com.br Outperform/Buy 27.00
Credit Suisse Luis Stacchini luis.stacchini@credit-suisse.com Neutral 19.50
Eleven Financial Raul Grego Lemos rg@elevenfinancial.com 22.00
Itaú BBA Enrico Trotta enrico.trotta@itaubba.com Outperform/Buy 19.30
J.P.Morgan Marcelo Motta marcelo.g.motta@jpmorgan.com Neutral 26.00
Safra Luiz Peçanha luiz.pecanha@safra.com.br  Outperform 22.60
Santander Renan Manda rmanda@santander.com.br Outperform/Buy 19.70

The analysts listed above provide research coverage on Tenda. Please note that any opinions, estimates or forecasts regarding Tenda performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Tenda nor its management. Tenda does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.