UBS Downgrades Nu Holdings to Neutral, Announces $13.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Thiago Batista has downgraded Nu Holdings (NYSE:NU) from Buy to Neutral and set a price target of $13.5.

August 02, 2024 | 11:26 am
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NEGATIVE IMPACT
UBS analyst Thiago Batista downgraded Nu Holdings from Buy to Neutral and set a price target of $13.5.
The downgrade from Buy to Neutral by a major financial institution like UBS is likely to negatively impact investor sentiment and short-term stock price. The new price target of $13.5 may also set a lower expectation for the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100