Santander made a change to its recommended portfolio and leaves Rumo shares aside. (Image: Bigc Studio/ Canva Pro)
O Santander made a change to your recommended wallet of shares for the month of October. This leaves the selection to the roles of Direction (RAIL3).
Analysts Ricardo Peretti and Alice Corrêa state that they continue with a constructive medium/long term view for Rumo shares, so much so that it follows the official “buy” recommendation and target price of R$34.00 — which represents a potential appreciation of approximately 71% in relation to Tuesday's closing (1).
“We chose to exclude the action of the Portfolio given a short-term scenario that involves: (i) uncertainty regarding the prices that will be charged by Rumo in 2025, especially due to the lower grain prices seen this year; and (ii) the risks for the 2025 harvest due to a potential worsening of the dry climate in the state of Mato Grosso”, they highlight in the report.
Instead, the actions of the Renner Stores (LREN3). According to Santander analysts, the retailer has been recovering its market share since the fourth quarter of 2023, after lagging behind its peers (C&A and Guararapes) in terms of Same Store Sales (SSS) for several quarters.
“Although the company faced some obstacles in 1Q24 due to the implementation of the new distribution center and in 2Q24 due to external factors (floods in RS), we foresee a strong recovery from 3Q24 onwards. This recovery is supported by adjustments in positioning/pricing and the evolution of supply chain capabilities”, they state.
Despite the 50% rally since July, the assessment is that Renner's shares still have room for appreciation
additional.
Santander's recommended portfolio: Check out the shares to invest in in October
Completing the selection of the recommended portfolio are the shares of Bank of Brazil (BBAS3), Cyrela (CYRE3), Itaú (ITUB4), JBS (JBSS3), Multiplan (MULT3), Petrobras (PETR4), RD Health (RADL3), Sabesp (SBSP3), Totvs (TOTS3) e Vale (ELECTION 3).
In September, the team had a negative performance of 2.55%, below the -1.82% jump in Ibovespa (IBOV) in the period. During the period, Vale was the positive highlight, with an increase of 9.77%.
Santander's monthly portfolio is aimed at investors looking for medium and large companies with great profit potential, without detaching themselves from the sectoral composition of Ibovespa.
| Enterprise | Ticker | Recommended percentage | Average price on 09/30/2024 | Target Price 2024 | Dividend Yeld estimated 2024 |
|---|---|---|---|---|---|
| Bank of Brazil | BBAS3 | 10% | R$ 27,31 | R$ 42,50 | 10,48% |
| Cyrela | CYRE3 | 8% | R$ 20,57 | R$ 33.00 (for 2025) | 8,13% |
| Itaú | ITUB4 | 10% | R$ 36,59 | R$ 44,00 | 6,82% |
| JBS | JBSS3 | 8% | R$ 31,28 | R$ 49.00 (for 2025) | 5,97% |
| Multiplan | MULT3 | 8% | R$ 25,50 | R$ 37,00 | 4,34% |
| Petrobras | PETR3 | 13% | R$ 39,27 | R$ 54.00 (for 2025) | 13,01% |
| RD Health | RADL3 | 7% | R$ 25,58 | R$ 35,00 | 1,21% |
| Renner Stores | LREN3 | 8% | R$ 17,69 | R$ 23,00 | 4,44% |
| Sabesp | SBSP3 | 8% | R$ 90,11 | R$ 106,16 | 1,73% |
| Totvs | TOTS3 | 8% | R$ 28,68 | R$ 43,00 | 1,65% |
| Vale | ELECTION 3 | 12% | R$ 64,52 | R$ 90,00 | 7,76% |