| Date | Company Name | Action | Current
Price | Price
Target | Rating |
|---|
| 9/16/2026 | NU NU | Downgrade | $14.00 | $20.00 ➝ $18.00 | Outperform ➝ Market Perform |
| 9/3/2026 | GGAL Grupo Financiero Galicia | Downgrade | $42.00 | | Outperform ➝ Market Perform |
| 9/3/2026 | BMA Macro Bank | Downgrade | $76.00 | | Outperform ➝ Market Perform |
| 8/31/2026 | XP XP | Upgrade | $20.00 | $22.00 | Market Perform ➝ Outperform |
| 8/25/2026 | VTEX VTEX | Reiterated Rating | $4.00 | $4.50 | Outperform ➝ Market Perform |
| 8/18/2026 | BBAJF Banco del Bajío, S.A., Institución de Banca Múltiple | Downgrade | $3.00 | | Outperform ➝ Market Perform |
| 8/10/2026 | GGB Gerdau | Downgrade | $5.00 | | Outperform ➝ Market Perform |
| 8/5/2026 | NFLX Netflix | Lower Price Target | $76.00 | $151.40 ➝ $96.00 | Outperform ➝ Outperform |
| 7/10/2026 | ENIC Enel Chile | Downgrade | $4.00 | | Market Perform |
| 7/8/2026 | GLOB Globant | Downgrade | $38.00 | $39.00 | Outperform ➝ Market Perform |
| 7/7/2026 | GLOB Globant | Upgrade | $38.00 | | Hold |
| 6/24/2026 | NVDA NVIDIA | Lower Price Target | $214.00 | $256.00 ➝ $218.00 | |
| 6/16/2026 | BBSEY BB Seguridade Participacoes | Upgrade | $8.00 | | Underperform ➝ Market Perform |
| 5/26/2026 | CIB Grupo Cibest | Upgrade | $98.00 | | Strong Sell ➝ Market Perform |
| 5/24/2026 | TX Ternium | Upgrade | $57.00 | $59.00 | Market Perform ➝ Outperform |
| 5/7/2026 | VLRS Controladora Vuela Compania de Aviacion | Downgrade | $6.00 | $7.40 | Market Perform ➝ Underperform |
| 5/6/2026 | AGBK AGI | Downgrade | $6.00 | $9.00 | Outperform ➝ Market Perform |
| 4/28/2026 | EMBVF Arca Continental | Upgrade | $12.00 | | Outperform |
| 4/15/2026 | BBSEY BB Seguridade Participacoes | Downgrade | $8.00 | | Underperform |
| 4/1/2026 | GGB Gerdau | Upgrade | $5.00 | $4.60 | Market Perform ➝ Outperform |
| 3/19/2026 | BSAC Banco Santander Chile | Upgrade | $34.00 | | Market Perform ➝ Outperform |
| 3/17/2026 | NU NU | Reiterated Rating | $14.00 | | Outperform ➝ Outperform |
| 3/13/2026 | TBBB BBB Foods | Upgrade | $51.00 | $42.00 | Market Perform ➝ Outperform |
| 3/9/2026 | AGBK AGI | Initiated Coverage | $6.00 | $15.00 | Outperform |
| 2/27/2026 | BBD Banco Bradesco | Reiterated Rating | $3.00 | | Outperform ➝ Outperform |
| 2/26/2026 | NVDA NVIDIA | Reiterated Rating | $214.00 | | Market Perform ➝ Market Perform |
| 2/26/2026 | CIB Grupo Cibest | Downgrade | $98.00 | $68.00 | Market Perform ➝ Underperform |
| 2/25/2026 | MELI MercadoLibre | Reiterated Rating | $1,838.00 | | Outperform ➝ Outperform |
| 2/24/2026 | NU NU | Reiterated Rating | $14.00 | | Outperform ➝ Outperform |
| 2/18/2026 | KCDMY Kimberly-Clark de Mexico SAB de CV | Downgrade | $11.00 | | Outperform ➝ Market Perform |
| 2/12/2026 | TBBB BBB Foods | Downgrade | $51.00 | $42.00 | Outperform ➝ Market Perform |
| 2/11/2026 | KLBAY Klabin | Downgrade | $8.00 | | Market Perform |
| 1/30/2026 | IRS IRSA Inversiones Y Representaciones | Upgrade | $15.00 | | Strong-Buy |
| 1/29/2026 | IRS IRSA Inversiones Y Representaciones | Initiated Coverage | $15.00 | $23.00 | Outperform |
| 1/28/2026 | MXCHY Orbia Advance | Upgrade | $2.00 | | Outperform |
| 1/27/2026 | FORM FormFactor | Upgrade | $105.00 | | Outperform |
| 1/20/2026 | FBBPF FIBRA Prologis | Downgrade | $4.00 | | Outperform ➝ Market Perform |
| 1/1/2026 | CINT CI&T | Set Price Target | $3.00 | $7.00 | Buy |
| 12/22/2025 | SCCO Southern Copper | Downgrade | $190.00 | $123.46 | Market Perform ➝ Underperform |
| 12/18/2025 | MU Micron Technology | Reiterated Rating | $924.00 | | Outperform ➝ Outperform |
| 12/17/2025 | DLO DLocal | Initiated Coverage | $14.00 | $21.00 | Outperform |
| 12/10/2025 | SUPV Grupo Supervielle | Initiated Coverage | $8.00 | $15.00 | Outperform |
| 11/30/2025 | CPA Copa | Initiated Coverage | $128.00 | | Market Perform |
| 11/30/2025 | AERO Grupo Aeromexico | Initiated Coverage | $15.00 | | Outperform |
| 11/19/2025 | INTR Inter & Co. Inc. | Downgrade | $5.00 | $11.00 ➝ $10.00 | Outperform ➝ Market Perform |
| 11/4/2025 | KCDMY Kimberly-Clark de Mexico SAB de CV | Upgrade | $11.00 | | Market Perform ➝ Outperform |
| 10/27/2025 | BBAR BBVA Banco Frances | Upgrade | $15.00 | | Market Perform ➝ Outperform |
| 10/27/2025 | BMA Macro Bank | Upgrade | $76.00 | | Market Perform ➝ Outperform |
| 10/7/2025 | TSM Taiwan Semiconductor Manufacturing | Initiated Coverage | $418.00 | | Outperform |
| 10/7/2025 | TCEHY Tencent | Initiated Coverage | $54.00 | | Outperform |
| 10/7/2025 | NFLX Netflix | Initiated Coverage | $76.00 | $151.40 | Outperform |
| 10/7/2025 | MU Micron Technology | Initiated Coverage | $924.00 | $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 | $69.00 | $55.00 | Outperform |
| 8/28/2025 | LCMRF La Comer | Upgrade | $2.00 | | Outperform |
| 8/18/2025 | NU NU | Upgrade | $14.00 | $18.00 | Market Perform ➝ Outperform |
| 6/23/2025 | XP XP | Downgrade | $20.00 | $21.00 | Outperform ➝ Market Perform |
| 6/11/2025 | SCCO Southern Copper | Upgrade | $190.00 | | Underperform ➝ Market Perform |
| 6/4/2025 | ELPQF El Puerto de Liverpool | Upgrade | $6.00 | | Outperform |
| 6/3/2025 | CX Cemex | Downgrade | $10.00 | | Outperform ➝ Market Perform |
| 5/21/2025 | KCDMY Kimberly-Clark de Mexico SAB de CV | Downgrade | $11.00 | | Market Perform |
| 5/20/2025 | BBAR BBVA Banco Frances | Initiated Coverage | $15.00 | $18.00 | Market Perform |
| 5/20/2025 | GGAL Grupo Financiero Galicia | Initiated Coverage | $42.00 | $70.00 | Outperform |
| 5/20/2025 | BMA Macro Bank | Initiated Coverage | $76.00 | $85.00 | Market Perform |
| 5/12/2025 | LOMA Loma Negra Compania Industrial Argentina | Upgrade | $10.00 | $14.20 | Market Perform ➝ Outperform |
| 5/6/2025 | VLRS Controladora Vuela Compania de Aviacion | Downgrade | $6.00 | | Outperform ➝ Market Perform |
| 4/28/2025 | CAAP Corporacion America Airports | Initiated Coverage | $24.00 | $20.40 | Outperform |
| 4/21/2025 | TBBB BBB Foods | Upgrade | $51.00 | $36.00 | Market Perform ➝ Outperform |
| 4/7/2025 | FMX Fomento Economico Mexicano | Upgrade | $121.00 | | Market Perform ➝ Outperform |
| 3/18/2025 | XP XP | Initiated Coverage | $20.00 | $20.00 | Outperform |
| 2/12/2025 | VLRS Controladora Vuela Compania de Aviacion | Initiated Coverage | $6.00 | $12.00 | Outperform |
| 1/22/2025 | TBBB BBB Foods | Initiated Coverage | $51.00 | $32.00 | Market Perform |
| 11/14/2024 | NU NU | Downgrade | $14.00 | | Outperform ➝ Market Perform |
| 11/8/2024 | EPAM EPAM Systems | Upgrade | $117.00 | $269.00 | Market Perform ➝ Outperform |
| 10/1/2024 | PAGS PagSeguro Digital | Downgrade | $9.00 | $12.00 | Outperform ➝ Market Perform |
| 8/16/2024 | CINT CI&T | Upgrade | $3.00 | $10.00 | Market Perform ➝ Outperform |
| 8/9/2024 | EPAM EPAM Systems | Upgrade | $117.00 | | Underperform ➝ Market Perform |
| 8/2/2024 | AMZN Amazon.com | Downgrade | $246.00 | $186.00 | Outperform ➝ Market Perform |
| 6/12/2024 | BSAC Banco Santander Chile | Upgrade | $34.00 | $22.00 | Market Perform ➝ Outperform |
| 5/21/2024 | INTR Inter & Co. Inc. | Upgrade | $5.00 | $8.00 | Market Perform ➝ Outperform |
| 5/3/2024 | AAPL Apple | Upgrade | $332.00 | $162.00 ➝ $188.00 | Underperform ➝ Market Perform |
| 4/4/2024 | SID National Steel | Reiterated Rating | $1.00 | $3.00 | Market Perform ➝ Underperform |
| 4/2/2024 | UGP Ultrapar Participacoes | Downgrade | $8.00 | | Outperform ➝ Market Perform |
| 12/5/2023 | GLOB Globant | Downgrade | $38.00 | | Outperform ➝ Market Perform |
| 11/7/2023 | FMX Fomento Economico Mexicano | Downgrade | $121.00 | $127.00 | Outperform ➝ Market Perform |
| 10/2/2023 | AGRO Adecoagro | Downgrade | $12.00 | $12.00 | Outperform ➝ Market Perform |
| 9/29/2023 | VIV Telefonica Brasil | Reiterated Rating | $12.00 | $22.00 | Outperform |
