Research Disclosures & Disclaimers

This website contains disclosures and disclaimers related to
published UBS Global Research products, including those related to
regulation, potential conflicts of interest as well as those provided
by third-party data providers describing limitations on use of their
products.

Intelbras (INTB3.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
2022-02-28	NaN	-	No Rating
2022-10-02	29.54	38.00	Buy
2022-11-07	34.31	45.50	Buy
2023-01-31	30.88	41.50	Buy
2023-03-26	25.44	39.00	Buy
2023-06-27	24.16	35.50	Buy
2023-08-09	23.24	32.00	Buy
2023-10-16	17.80	20.00	Neutral
2023-10-31	19.15	21.50	Neutral
2024-02-29	21.20	23.50	Neutral
2024-07-01	22.70	25.00	Neutral
2024-08-07	20.54	27.50	Buy
2024-11-26	17.00	24.50	Buy
2025-04-07	12.01	15.00	Neutral

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.