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Azul (AZUL4.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
2021-08-11	37.70	16.00	Sell
2022-02-04	26.37	17.50	Sell
2022-07-01	12.47	11.50	Sell
2022-10-13	16.11	12.50	Sell
2023-03-20	12.80	14.00	Neutral
2023-12-21	16.41	18.00	Neutral
2024-08-07	7.78	10.00	Neutral
2024-10-02	6.24	8.50	Neutral

Disclosures

UBS Securities LLC is acting as manager/co-manager, underwriter, placement or sales agent in regard to an offering of securities of this company/entity or one of its affiliates.
Within the past 12 months, UBS has received compensation for investment banking services from this company/entity or one of its affiliates.
UBS expects to receive or intend to seek compensation for investment banking services from this company/entity within the next three months.
This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and investment banking services are being, or have been, provided.
UBS Securities LLC makes a market in the securities and/or ADRs of this company.
UBS is acting as manager/co-manager, underwriter, distributor, placement or sales agent in regard to an offering of securities (in Portuguese, Coordenador de Ofertas e/ou Participante Especial), under the terms of Rule CVM 160, of Azul SA or one of its affiliates.
Because this security exhibits higher-than-average volatility, the FSR has been set at 25% above the MRA for a Buy rating, and at -25% 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.