JP Morgan Upgrades StoneCo to Overweight, Maintains Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Yuri Fernandes has upgraded StoneCo (NASDAQ:STNE) from Neutral to Overweight, maintaining the price target at $20.
June 06, 2024 | 2:42 pm
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JP Morgan analyst Yuri Fernandes has upgraded StoneCo from Neutral to Overweight, maintaining the price target at $20. This upgrade could positively impact StoneCo's stock price in the short term.
The upgrade from a major financial institution like JP Morgan is likely to boost investor confidence in StoneCo, potentially leading to a short-term increase in its stock price. The maintained price target of $20 suggests that the analyst sees continued value in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100