Barclays Maintains Equal-Weight on StoneCo, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst John Coffey maintains an Equal-Weight rating on StoneCo (NASDAQ:STNE) but lowers the price target from $17 to $16.
May 20, 2024 | 2:22 pm
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Barclays analyst John Coffey maintains an Equal-Weight rating on StoneCo but lowers the price target from $17 to $16.
The lowered price target from $17 to $16 suggests a slightly more cautious outlook on StoneCo's stock performance, which could lead to a short-term negative impact on the stock price.
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