HSBC analyst Neha Agarwala lowered the firm’s price target on XP Inc. to $20 from $26 and keeps a Buy rating on the shares. The company’s’ "weak" Q4 results were attributed to a punitive macro environment and tough cost base, the analyst tells investors in a research note. The firm expects XP’s trends to improve during the second half of 2023.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on XP: