Morgan Stanley Downgrades XP to Equal-Weight, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Jorge Kuri downgraded XP Inc. (NASDAQ:XP) from Overweight to Equal-Weight and reduced the price target from $31 to $24.
April 23, 2024 | 9:09 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Morgan Stanley downgraded XP Inc. from Overweight to Equal-Weight and lowered the price target from $31 to $24.
The downgrade by Morgan Stanley from Overweight to Equal-Weight, accompanied by a reduction in the price target, suggests a less optimistic outlook on XP Inc.'s stock. This could lead to a negative perception among investors, potentially causing a short-term decrease in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100