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Ecorodovias (ECOR3.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
2022-03-30	7.51	12.50	Buy
2022-06-07	6.88	11.50	Buy
2022-08-11	6.26	-	No Rating
2022-08-16	6.41	11.50	Buy
2022-09-18	5.46	10.40	Buy
2023-04-12	6.42	9.50	Buy
2024-03-23	8.68	-	No Rating
2024-03-25	8.47	10.00	Neutral
2024-08-26	7.73	12.00	Buy

Disclosures

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.