UBS analyst Kaio Prato upgraded StoneCo to Buy from Neutral with a price target of $18, up from $14. After recent quarters of gradual recovery in earnings and confidence, the firm now sees the company being well suited to benefit from a combination of lower financial expenses due to the beginning of the easing cycle in Brazil and continued market share gains on MSMBs that should lead to rising profitability, the analyst tells investors.
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