Ratings by HSBC (Lilyanna Yang)
| Date | Company | Symbol | Type | Rating (Past) |
PT (Past) |
Start $ (End $) |
% Chg. | Details |
|---|---|---|---|---|---|---|---|---|
| 5/26/2026 | Cosan S.A. | CSAN | Downgrade | Reduce (Hold) |
3.47 (2.88) |
-17% | Details | |
| 4/8/2026 | Ultrapar Holding | UGP | Downgrade | Hold (Buy) |
5.65 (5.07) |
-10.27% | Details | |
| 3/12/2026 | Pampa Energia S.A. | PAM | Upgrade | Buy (Hold) |
82.91 (80.58) |
-2.81% | Details | |
| 12/5/2025 | Cosan S.A. | CSAN | Upgrade | Hold (Reduce) |
5.36 (3.47) |
-35.26% | Details | |
| 9/22/2025 | Cosan S.A. | CSAN | Downgrade | Reduce (Hold) |
5.66 (5.36) |
-5.3% | Details | |
| 1/17/2025 | Ultrapar Holding | UGP | Upgrade | Buy (Hold) |
2.77 (5.65) |
103.97% | Details | |
| 1/10/2025 | Cia Energetica de Minas Gerais | CIG | Downgrade | Hold (Buy) |
1.79 (2.09) |
16.76% | Details | |
| 12/13/2024 | AES Corp. | AES | New Coverage | Buy (N/A) |
13.59 (14.58) |
7.28% | Details | |
| 7/19/2024 | Ultrapar Holding | UGP | Upgrade | Hold (Reduce) |
4.05 (5.07) |
25.19% | Details | |
| 5/21/2024 | Pampa Energia S.A. | PAM | Upgrade | Hold (Reduce) |
48.87 (82.91) |
69.65% | Details | |
| 11/1/2023 | Cia Energetica de Minas Gerais | CIG | Upgrade | Buy (Hold) |
2.30 (2.09) |
-9.13% | Details | |
| 10/25/2023 | Cosan S.A. | CSAN | Upgrade | Hold (N/A) |
12.46 (5.66) |
-54.57% | Details | |
| 9/7/2023 | Pampa Energia S.A. | PAM | Downgrade | Reduce (Hold) |
43.99 (80.58) |
83.18% | Details | |
| 6/23/2023 | Ultrapar Holding | UGP | Downgrade | Hold (Buy) |
3.79 (5.07) |
33.77% | Details | |
| 1/26/2022 | Braskem S.A. | BAK | Upgrade | Buy (Hold) |
18.19 (2.45) |
-86.53% | Details | |
| 4/22/2021 | Braskem S.A. | BAK | Downgrade | Hold (Buy) |
18.73 (2.45) |
-86.92% | Details | |
| 1/13/2021 | Cia Energetica de Minas Gerais | CIG | Maintain | Buy (Buy) |
|
Details | ||
| 12/10/2019 | Sabesp | SBS | Upgrade | Buy (Hold) |
14.29 (5.75) |
-59.76% | Details | |
| 9/12/2019 | Ecopetrol SA | EC | Upgrade | Buy (Hold) |
17.09 (14.70) |
-13.98% | Details |

