UBS Maintains Neutral on StoneCo, Raises Price Target to $14
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Mariana Taddeo maintains a Neutral rating on StoneCo (NASDAQ:STNE) and raises the price target from $13.5 to $14.

May 31, 2023 | 12:29 pm
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NEUTRAL IMPACT
UBS analyst Mariana Taddeo maintains a Neutral rating on StoneCo and raises the price target from $13.5 to $14.
The news of UBS maintaining a Neutral rating on StoneCo and raising the price target from $13.5 to $14 indicates that the analyst sees potential for the stock price to increase, but not enough to change the overall rating. This may not have a significant short-term impact on the stock price, as the rating remains Neutral. However, the increased price target could attract some investors' attention.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100