Citigroup Maintains Buy on StoneCo, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Gabriel Gusan maintains a Buy rating on StoneCo (NASDAQ:STNE) and raises the price target from $17 to $18.
August 24, 2023 | 2:41 pm
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POSITIVE IMPACT
Citigroup's analyst Gabriel Gusan maintains a Buy rating on StoneCo and raises the price target, reflecting positively on Citigroup's market analysis capabilities.
The news reflects positively on Citigroup's market analysis capabilities, which could enhance its reputation and potentially have a positive impact on its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Citigroup maintains a Buy rating on StoneCo and raises the price target from $17 to $18, which could lead to a positive market reaction.
The raised price target by Citigroup indicates a positive outlook for StoneCo. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100