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Raízen (RAIZ4.SA)*

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (R$)	Price Target (R$)	Rating
2023-05-05	3.28	4.90	Buy
2023-06-25	4.35	-	No Rating
2023-06-26	4.42	4.90	Buy
2023-06-28	4.39	5.80	Buy
2023-11-26	3.74	5.90	Buy
2024-04-24	3.05	5.60	Buy
2024-06-18	2.82	5.10	Buy
2024-10-13	2.95	4.80	Buy
2025-01-15	2.09	3.90	Buy
2025-06-09	1.94	2.30	Neutral
2025-07-30	1.43	1.50	Neutral
2025-08-21	1.03	1.25	Neutral
2025-12-01	0.84	0.80	Sell
2026-06-25	0.42	0.14	Sell

Disclosures

UBS ACTED AS FINANCIAL ADVISOR AND CO-LEAD ARRANGER ON BRIDGE LOAN TO MERCURIA IN SUPPORT OF ITS US$1,420m ACQUISITION OF AN INTEGRATED DOWNSTREAM PETROLEUM REFINING AND FUEL DISTRIBUTION BUSINESS IN ARGENTINA FROM RAÍZEN.
This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC and/or its affiliates, and investment banking services are being, or have been, provided.
Within the past 12 months, UBS has received compensation for products and services other than investment banking services from this company/entity.
Because this security exhibits higher-than-average volatility, the FSR has been set at 15% above the MRA for a Buy rating, and at -15% below the MRA for a Sell rating (compared with 6/-6% under the normal rating system).

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day. Issuers with an EQ Rating & Price Target Table are covered by UBS-IB Equity Research Analysts. Issuers without an EQ Rating & Price Target Table are not single stock covered.

* Issuers marked with an asterisk are covered by UBS-IB Equity Research Analysts. Issuers without an asterisk are not single stock covered.