Nu Holdings price target raised to $17 from $15 at KeyBanc

KeyBanc raised the firm’s price target on Nu Holdings (NU) to $17 from $15 and keeps an Overweight rating on the shares. The firm notes Nu reported Q3 revenue/gross profit a hair below its estimates and below the Street to a greater extent. KeyBanc would characterize the results as “mixed” and paint the print as messier than usual with the combination of higher credit origination activity and a downtick in net interest margin driving the need for extra explanation.