Barclays raised the firm’s price target on StoneCo (STNE) to $12 from $10 and keeps an Equal Weight rating on the shares. After having spoken with the company post-earnings, the firm updated its model and raised its price target
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STNE:
- StoneCo price target raised to $6 from $5.70 at Morgan Stanley
- Autodesk in proxy fight, General Mills reports mixed Q3: Morning Buzz
- Morning Movers: Ollie’s Bargain Outlet gains, General Mills slips after earnings
- StoneCo underperformance ‘likely to continue,’ says Morgan Stanley
- Cautious Outlook on Stoneco: Sell Rating Amid Financial Struggles and Market Misalignment