UBS Upgrades StoneCo to Buy, Raises Price Target to $18
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Mariana Taddeo has upgraded StoneCo (NASDAQ:STNE) from Neutral to Buy and raised the price target from $14 to $18.
August 04, 2023 | 1:15 pm
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POSITIVE IMPACT
UBS has upgraded StoneCo from Neutral to Buy and raised the price target from $14 to $18, which could lead to a positive impact on the stock.
The upgrade from UBS, a major financial institution, is a strong positive signal for investors. The raised price target indicates that UBS sees potential for the stock's price to increase, which could lead to increased demand and a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100