Citi double upgrades this Brazilian financial firm, sees potential earnings acceleration ahead

Citi double upgrades this Brazilian financial firm, sees potential earnings acceleration ahead

A possible improvement in earnings performance could send shares of Nu Holdings higher over the coming months, according to Citi. The firm double upgraded the Brazil-based financial firm to buy from sell and doubled its price target to $18 from $9, which implies more than 37% upside from Tuesday’s close. “Despite concerns on the macroeconomic…

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