HSBC analyst Neha Agarwala raised the firm’s price target on Inter&Co to $5.50 from $4.50 and keeps a Buy rating on the shares. The company’s Q2 earnings beat was driven by margin expansion and cost control, the analyst tells investors in a research note. The firm says Inter&Co’s early delinquencies continue to remain stable.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on INTR:
- Inter&Co reports Q2 revenue R$1.9B, up 33% year-over-year
- Inter&Co, Inc Reports Record-Breaking Second Quarter 2023 Financial Results
- Inter & Company Incorporation Class A (INTR) Q2 Earnings Cheat Sheet
- Inter&Co announces new senior management structure
- Inter&Co Announces New Senior Management Structure