Barclays Maintains Equal-Weight on StoneCo, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst John Coffey maintains an Equal-Weight rating on StoneCo (NASDAQ:STNE) but lowers the price target from $16 to $14.
August 01, 2024 | 4:42 pm
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Barclays analyst John Coffey maintains an Equal-Weight rating on StoneCo but lowers the price target from $16 to $14.
The lowered price target from $16 to $14 by Barclays suggests a less optimistic outlook for StoneCo, which could negatively impact investor sentiment and short-term stock price.
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