| Date | Company Name | Action | Current
Price | Price
Target | Rating | Impact on
Share Price |
|---|
| 8/30/2023 | CIB Bancolombia | Downgrade | $27.00 | $33.00 | Outperform ➝ Market Perform | Low |
| 7/10/2023 | SID Companhia Siderúrgica Nacional | Downgrade | $2.00 | $2.30 | Market Perform ➝ Underperform | Low |
| 6/2/2023 | BCH Banco de Chile | Upgrade | $20.00 | $24.00 | Market Perform ➝ Outperform | Low |
| 5/10/2023 | VTEX VTEX | Upgrade | $5.00 | $6.00 | Market Perform ➝ Outperform | Low |
| 3/9/2023 | TX Ternium | Downgrade | $38.00 | $40.00 ➝ $49.00 | Outperform ➝ Market Perform | Low |
| 1/3/2023 | BAP Credicorp | Upgrade | $132.00 | $156.00 | Market Perform ➝ Outperform | Low |
| 11/11/2022 | BZWHF Americanas | Downgrade | $22.00 | | Outperform ➝ Market Perform | Low |
| 11/9/2022 | BBD Banco Bradesco | Upgrade | 3.00 | 21.00 | Market Perform ➝ Outperform | Low |
| 11/7/2022 | META Meta Platforms | Upgrade | $299.00 | $102.00 | Market Perform ➝ Outperform | Low |
| 10/28/2022 | GCHEF Grupo Comercial Chedraui | Downgrade | 6.00 | 84.00 | Outperform ➝ Market Perform | Low |
| 10/25/2022 | YPF YPF Sociedad Anónima | Upgrade | $13.00 | $10.50 | Market Perform ➝ Outperform | Low |
| 9/30/2022 | AGRO Adecoagro | Initiated Coverage | $11.00 | $10.00 | Outperform | Low |
| 9/21/2022 | ZENV Zenvia | Downgrade | $1.00 | $11.00 ➝ $1.80 | Outperform ➝ Market Perform | Low |
| 9/21/2022 | VTEX VTEX | Downgrade | $5.00 | | Outperform ➝ Market Perform | Low |
| 9/2/2022 | INREF InRetail Perú | Downgrade | $36.00 | $38.00 | Outperform ➝ Market Perform | Low |
| 8/30/2022 | PBR Petróleo Brasileiro S.A. - Petrobras | Downgrade | $15.00 | $14.50 | Outperform ➝ Market Perform | Low |
| 8/17/2022 | VALE Vale | Downgrade | $14.00 | $15.00 | Outperform ➝ Market Perform | Low |
| 7/29/2022 | META Meta Platforms | Initiated Coverage | $299.00 | $188.00 | Market Perform | Low |
| 7/26/2022 | GOOGL Alphabet | Initiated Coverage | $130.00 | $113.00 | Market Perform | Low |
| 7/26/2022 | GOOG Alphabet | Initiated Coverage | $131.00 | | Market Perform | Low |
| 7/26/2022 | AMZN Amazon.com | Initiated Coverage | $129.00 | $146.00 | Outperform | Low |
| 7/26/2022 | AAPL Apple | Initiated Coverage | $175.00 | $136.00 | Underperform | Low |
| 7/26/2022 | META Meta Platforms | Initiated Coverage | $299.00 | $188.00 | Market Perform | Low |
| 7/26/2022 | MSFT Microsoft | Initiated Coverage | $317.00 | $287.00 | Outperform | Low |
| 6/28/2022 | BBSEY BB Seguridade Participações | Upgrade | $6.00 | $32.00 | Market Perform ➝ Outperform | Low |
| 6/7/2022 | BSAC Banco Santander-Chile | Downgrade | $18.00 | $22.00 | Outperform ➝ Market Perform | Low |
| 6/7/2022 | BCH Banco de Chile | Downgrade | $20.00 | $22.00 | Outperform ➝ Market Perform | High |
| 4/1/2022 | MRRTY Marfrig Global Foods | Downgrade | $1.00 | | Outperform ➝ Market Perform | Low |
| 3/30/2022 | PAGS PagSeguro Digital | Upgrade | $8.00 | $31.00 | Market Perform ➝ Outperform | Medium |
| 3/23/2022 | CIB Bancolombia | Upgrade | $27.00 | $47.00 | Market Perform ➝ Outperform | High |
| 3/11/2022 | IFS Intercorp Financial Services | Downgrade | $24.00 | $35.00 | Outperform ➝ Market Perform | Low |
| 2/4/2022 | TV Grupo Televisa, S.A.B. | Upgrade | $3.00 | | Market Perform ➝ Outperform | Low |
| 1/5/2022 | NU NU | Initiated Coverage | $7.00 | $8.00 | Underperform | High |
| 12/16/2021 | STNE StoneCo | Downgrade | $11.00 | | Outperform ➝ Market Perform | Medium |
| 12/16/2021 | PAGS PagSeguro Digital | Downgrade | $8.00 | | Outperform ➝ Market Perform | High |
| 12/7/2021 | CINT CI&T | Initiated Coverage | $6.00 | $22.00 | Outperform | Low |
| 10/6/2021 | AMX América Móvil | Downgrade | $18.00 | $19.00 | Outperform ➝ Market Perform | Low |
| 9/13/2021 | BBD Banco Bradesco | Downgrade | $3.00 | $4.00 | Outperform ➝ Market Perform | Low |
| 8/23/2021 | ZENV Zenvia | Initiated Coverage | $1.00 | $24.80 | Outperform | High |
| 8/19/2021 | TX Ternium | Upgrade | $38.00 | $70.00 | Market Perform ➝ Outperform | High |
| 8/16/2021 | USNZY Usinas Siderúrgicas de Minas Gerais | Downgrade | $1.00 | $24.00 | Outperform ➝ Market Perform | Low |
| 8/16/2021 | VTEX VTEX | Initiated Coverage | $5.00 | $35.60 | Outperform | High |
| 7/23/2021 | MHSDF Megacable Holdings, S. A. B. de C. V. | Upgrade | $2.00 | | Market Perform ➝ Outperform | N/A |
| 7/9/2021 | KCDMY Kimberly-Clark de México, S. A. B. de C. V. | Downgrade | $11.00 | | Outperform ➝ Market Perform | Low |
| 6/18/2021 | ARCE Arco Platform | Upgrade | $14.00 | $57.00 ➝ $47.00 | Market Perform ➝ Outperform | High |
| 6/7/2021 | PAGS PagSeguro Digital | Upgrade | $8.00 | $65.00 | Market Perform ➝ Outperform | Low |
| 5/26/2021 | ABEV Ambev | Reiterated Rating | $3.00 | $3.60 | Outperform ➝ Market Perform | Low |
| 5/21/2021 | VINP Vinci Partners Investments | Initiated Coverage | $10.00 | $18.00 | Outperform | High |
| 5/21/2021 | PAX Patria Investments | Initiated Coverage | $15.00 | $21.00 | Outperform | Low |
| 5/20/2021 | ABEV Ambev | Downgrade | $3.00 | $3.60 | Outperform ➝ Market Perform | Low |
| 5/14/2021 | PBR Petróleo Brasileiro S.A. - Petrobras | Upgrade | $15.00 | $14.00 | Market Perform ➝ Outperform | Low |
| 5/6/2021 | LOMA Loma Negra Compañía Industrial Argentina Sociedad Anónima | Upgrade | $6.00 | | Market Perform ➝ Outperform | Low |
| 4/19/2021 | BAP Credicorp | Reiterated Rating | $132.00 | $195.00 | Outperform ➝ Market Perform | N/A |
| 4/14/2021 | VSTA Vasta Platform | Initiated Coverage | $4.00 | $16.00 | Outperform | Medium |
| 4/13/2021 | BAP Credicorp | Downgrade | $132.00 | $195.00 | Outperform ➝ Market Perform | Low |
| 4/5/2021 | FMX Fomento Económico Mexicano | Upgrade | $109.00 | $99.00 | Market Perform ➝ Outperform | Medium |
| 4/1/2021 | GOL Gol Linhas Aéreas Inteligentes | Initiated Coverage | $3.00 | $9.50 | Market Perform | Low |
| 1/21/2021 | GMBXF Grupo México | Upgrade | $5.00 | | Underperform ➝ Outperform | Medium |
| 11/30/2020 | FMX Fomento Económico Mexicano | Downgrade | $109.00 | | Outperform ➝ Market Perform | High |
| 11/17/2020 | BCH Banco de Chile | Upgrade | $20.00 | $22.00 | Market Perform ➝ Outperform | Medium |
| 10/8/2020 | VALE Vale | Downgrade | $14.00 | $15.00 | Outperform ➝ Market Perform | High |
