| Institution | Analyst |
| Bradesco | Rafael Frade |
| BTG Pactual | João Carlos dos Santos Pedro Montenegro |
| Credit Suisse | Gustavo Wigman Clarissa Berman |
| Deutsche Bank | Josh Milberg Luis Felipe Bresaola |
| Fator | Iago Whately |
| Flow | Daniella Guanabara Ruben Couto |
| HSBC | Luciano Campos |
| J. Safra | Márcio Osako |
| JP Morgan | Andrea Teixeira Felipe Oliveira |
| Merrill Lynch | Mauricio Fernandes Thomas Humpert |
| Morgan Stanley | Javier Martinez de Olcoz Cerdan |
| Raymond James | Guilherme Assis |
| Santander | Daniel Gewehr Bruno Giardino |
| UBS | Flavio Barcala |
| Votorantim | Rodrigo Olivares Marco Richieri |
