| Date | Company Name | Action | Current
Price | Price
Target | Rating |
|---|
| 11/30/2025 | CPA Copa | Initiated Coverage | $118.00 | | Market Perform |
| 11/30/2025 | AERO Grupo Aeromexico | Initiated Coverage | $19.00 | | Outperform |
| 11/19/2025 | INTR Inter & Co. Inc. | Downgrade | $9.00 | $11.00 ➝ $10.00 | Outperform ➝ Market Perform |
| 11/4/2025 | KCDMY Kimberly-Clark de Mexico SAB de CV | Upgrade | $10.00 | | Market Perform ➝ Outperform |
| 10/27/2025 | BBAR BBVA Banco Frances | Upgrade | $17.00 | | Market Perform ➝ Outperform |
| 10/27/2025 | BMA Macro Bank | Upgrade | $88.00 | | Market Perform ➝ Outperform |
| 10/7/2025 | TSM Taiwan Semiconductor Manufacturing | Initiated Coverage | $293.00 | | Outperform |
| 10/7/2025 | TCEHY Tencent | Initiated Coverage | $78.00 | | Outperform |
| 10/7/2025 | NFLX Netflix | Initiated Coverage | $103.00 | $151.40 | Outperform |
| 10/7/2025 | MU Micron Technology | Initiated Coverage | $227.00 | $249.00 | Outperform |
| 9/25/2025 | LND Brasilagro Cia Brasileira De Propriedades Agricolas | Downgrade | $4.00 | | Outperform ➝ Market Perform |
| 9/4/2025 | SQM Sociedad Quimica y Minera | Initiated Coverage | $61.00 | $55.00 | Outperform |
| 8/28/2025 | LCMRF La Comer | Upgrade | $2.00 | | Outperform |
| 8/18/2025 | NU NU | Upgrade | $18.00 | $18.00 | Market Perform ➝ Outperform |
| 6/11/2025 | SCCO Southern Copper | Upgrade | $140.00 | | Underperform ➝ Market Perform |
| 6/4/2025 | ELPQF El Puerto de Liverpool | Upgrade | $5.00 | | Outperform |
| 6/3/2025 | CX Cemex | Downgrade | $11.00 | | Outperform ➝ Market Perform |
| 5/21/2025 | KCDMY Kimberly-Clark de Mexico SAB de CV | Downgrade | $10.00 | | Market Perform |
| 5/20/2025 | BBAR BBVA Banco Frances | Initiated Coverage | $17.00 | $18.00 | Market Perform |
| 5/20/2025 | GGAL Grupo Financiero Galicia | Initiated Coverage | $52.00 | $70.00 | Outperform |
| 5/20/2025 | BMA Macro Bank | Initiated Coverage | $88.00 | $85.00 | Market Perform |
| 5/12/2025 | LOMA Loma Negra Compania Industrial Argentina | Upgrade | $12.00 | $14.20 | Market Perform ➝ Outperform |
| 5/6/2025 | VLRS Controladora Vuela Compania de Aviacion | Downgrade | $8.00 | | Outperform ➝ Market Perform |
| 4/28/2025 | CAAP Corporacion America Airports | Initiated Coverage | $26.00 | $20.40 | Outperform |
| 4/21/2025 | TBBB BBB Foods | Upgrade | $33.00 | $36.00 | Market Perform ➝ Outperform |
| 4/7/2025 | FMX Fomento Economico Mexicano | Upgrade | $101.00 | | Market Perform ➝ Outperform |
| 2/12/2025 | VLRS Controladora Vuela Compania de Aviacion | Initiated Coverage | $8.00 | $12.00 | Outperform |
| 1/22/2025 | TBBB BBB Foods | Initiated Coverage | $33.00 | $32.00 | Market Perform |
| 11/14/2024 | NU NU | Downgrade | $18.00 | | Outperform ➝ Market Perform |
| 11/8/2024 | EPAM EPAM Systems | Upgrade | $201.00 | $269.00 | Market Perform ➝ Outperform |
| 10/1/2024 | PAGS PagSeguro Digital | Downgrade | $10.00 | $12.00 | Outperform ➝ Market Perform |
| 8/16/2024 | CINT CI&T | Upgrade | $5.00 | $10.00 | Market Perform ➝ Outperform |
| 8/9/2024 | EPAM EPAM Systems | Upgrade | $201.00 | | Underperform ➝ Market Perform |
| 8/2/2024 | AMZN Amazon.com | Downgrade | $229.00 | $186.00 | Outperform ➝ Market Perform |
| 6/12/2024 | BSAC Banco Santander Chile | Upgrade | $31.00 | $22.00 | Market Perform ➝ Outperform |
| 5/21/2024 | INTR Inter & Co. Inc. | Upgrade | $9.00 | $8.00 | Market Perform ➝ Outperform |
| 5/3/2024 | AAPL Apple | Upgrade | $281.00 | $162.00 ➝ $188.00 | Underperform ➝ Market Perform |
| 4/4/2024 | SID National Steel | Reiterated Rating | $2.00 | $3.00 | Market Perform ➝ Underperform |
| 4/2/2024 | UGP Ultrapar Participacoes | Downgrade | $4.00 | | Outperform ➝ Market Perform |
| 12/5/2023 | GLOB Globant | Downgrade | $70.00 | | Outperform ➝ Market Perform |
| 11/7/2023 | FMX Fomento Economico Mexicano | Downgrade | $101.00 | $127.00 | Outperform ➝ Market Perform |
| 10/2/2023 | AGRO Adecoagro | Downgrade | $8.00 | $12.00 | Outperform ➝ Market Perform |
| 9/29/2023 | VIV Telefonica Brasil | Reiterated Rating | $13.00 | $22.00 | Outperform |
| 8/30/2023 | CIB Grupo Cibest | Downgrade | $64.00 | $33.00 | Outperform ➝ Market Perform |
| 7/10/2023 | SID National Steel | Downgrade | $2.00 | $2.30 | Market Perform ➝ Underperform |
| 6/2/2023 | BCH Banco De Chile | Upgrade | $39.00 | $24.00 | Market Perform ➝ Outperform |
| 5/10/2023 | VTEX VTEX | Upgrade | $4.00 | $6.00 | Market Perform ➝ Outperform |
| 3/9/2023 | TX Ternium | Downgrade | $39.00 | $40.00 ➝ $49.00 | Outperform ➝ Market Perform |
| 1/3/2023 | BAP Credicorp | Upgrade | $278.00 | $156.00 | Market Perform ➝ Outperform |
