Itaú BBA Recommends Gerdau, Suzano Among 17 Brazilian Stocks for 10%+ Weekly Returns

The Quick Take

• Itaú BBA recommends buying Gerdau (GGBR4) at R$25.34 with a 10.47% upside target, with suggested stop at R$23.51, for the September 21-25 week
• Safra Corretora recommends Sabesp (SBSP3), EcoRodovias (ECOR3), and other names as buy calls in day-trade for the same week
• The dual broker recommendations signal bullish near-term positioning across Brazilian industrial, utilities, and infrastructure sectors

Two of Brazil's leading investment banks published their weekly day-trade recommendations for September 21-25, 2026. Itaú BBA's Íon platform highlighted Gerdau (GGBR4), the Brazilian steel producer, as a buy at R$25.34 with a primary objective of R$28.00 (10.47% potential gain) and a suggested stop-loss at R$23.51. The same list includes Suzano (SUZB3), the pulp and paper giant, among 17 recommended names for the week. Safra Corretora separately recommended Sabesp (SBSP3), the São Paulo water utility recently privatized in a landmark public offering, alongside EcoRodovias (ECOR3) and a third name for its own weekly buy list.

The combination of broker recommendations from Itaú BBA and Safra—Brazil's largest domestic investment bank and a top independent broker—provides a two-source signal of sector-level bullishness across Brazilian industrials, utilities, and infrastructure. Gerdau's inclusion reflects sustained demand for Brazilian steel in infrastructure and construction as the government's growth acceleration program funds civil works. Sabesp's appearance signals continued investor interest in the privatized water utility as management executes on efficiency improvements promised during the IPO process. The overlapping week coincides with the September 21-25 trading window, making these recommendations time-sensitive.

The forward signals for these Brazilian stock calls are primarily macro-driven: the BRL/USD exchange rate and Brazil's Selic interest rate trajectory will determine whether the upside targets materialize within the recommended week. Watch Brazil's next COPOM decision for any signal of accelerated rate cuts, which would boost rate-sensitive names like Sabesp and infrastructure stocks. For Gerdau, monitor Brazilian government infrastructure spending announcements and Chinese steel demand indicators—as a global steel price setter, China's demand directly influences Gerdau's export revenue and pricing power.

Synthesized from 2 sources.