JP Morgan Downgrades Nu Holdings to Neutral, Raises Price Target to $14.5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Domingos Falavina has downgraded Nu Holdings (NYSE:NU) from Overweight to Neutral while raising the price target from $12 to $14.5.

July 22, 2024 | 10:51 am
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NEUTRAL IMPACT
JP Morgan has downgraded Nu Holdings from Overweight to Neutral, but raised the price target from $12 to $14.5.
The downgrade from Overweight to Neutral suggests a less bullish outlook on Nu Holdings, which could lead to a neutral or slightly negative short-term impact on the stock price. However, the raised price target to $14.5 indicates some positive expectations, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100