Brazil Fuel Distribution Accessible version Continued upward revisions on strong 2Q expectations Price Objective Change Once again, raising estimates and POs We update our models ahead of the 2Q results and incorporate revised macro assumptions (higher Selic forecast). We increase our POs for Vibra and Ultrapar, driven by higher estimates not only for 2Q26 but also going forward. We set Vibra's PO at R$43/sh (from R$42/sh) and Ultrapar's at R$34/sh (from R$33/sh). We remain constructive with the sector, sup ...