Nu Holdings price target raised to $13 from $12 at KeyBanc

KeyBanc analyst Alex Markgraff raised the firm’s price target on Nu Holdings to $13 from $12 and keeps an Overweight rating on the shares ahead of quarterly results. The firm expects revenue upside as stable delinquency trend further supports expansionary credit activity; app downloads higher quarter-over-quarter with particular strength in Mexico. KeyBanc also notes that shares were down -10% in past month.