Barclays raised the firm’s price target on StoneCo to $18 from $17 and keeps an Equal Weight rating on the shares. The analyst believes the company’s Q4 earnings call will further raise the profile of its credit product.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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>>
See the top stocks recommended by analysts >>
Read More on STNE:
- Buffett’s Berkshire Trims Stake in AAPL, Adds CVX
- Berkshire Hathaway boosts Chevron position, cuts HP and Apple stakes
- StoneCo price target raised to $17 from $16 at New Street
- Qualcomm downgraded, Cigna upgraded: Wall Street’s top analyst calls
- StoneCo downgraded to Neutral at UBS, says risk-reward is balanced for now