InstitutionAnalystReport DateTarget Price (R$)
Barclays Matthew McClintock 03/05/2012 10.00
Bradesco Ricardo Boiati 05/03/2012 9.60
BTG Pactual Fabio Monteiro 04/25/2012 18.00

Citigroup 

Carlos Albano 04/18/2012

14.00 

Deutsche Bank Renata Coutinho 01/26/2012 10.20
Goldman Sachs Irma Sgarz 04/18/2012 7.30
HSBC Francisco Chevez 04/17/2012 4.00
Itaú Corretora Juliana Rozenbaum 04/24/2012 12.70
JP Morgan Andrea Teixeira 04/19/2012 25.00
Morgan Stanley Lore Serra 04/25/2012 -
Raymond James Daniela Bretthauer 05/04/2012 -
Safra Erick Guedes 04/24/2012 7.20
Santander Tobias Stingelin 04/24/2012 12.00
UBS Gustavo Oliveira 02/14/2012 11.40
Votorantim Luiz Carlos Cesta 04/23/2012 16.60

B2W is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding B2W's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of B2W or its management. B2W does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

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