Citigroup's downgrade and steep target cut to $13 break notably from the $17.73 consensus that still leans overweight on the Latin American digital bank. The move likely reflects concerns over credit-cost normalization or slowing growth as Nu's loan book matures across Brazil and Mexico. As a high-profile bull-favorite, a major-bank downgrade here could pressure sentiment more than the rating change alone implies.
Nu Holdings (NU) has an average rating of overweight and mean price target of $17.73, according to analysts polled by FactSet.
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Goldman Sachs on Friday downgraded Dutch lighting company Signify (LIGHT.AS) to neutral from buy, while maintaining its price target at 21 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Citi on Friday raised life-saving technology group Halma (HLMA.L) to buy from neutral and increased its price target to 46 pounds sterling from 37 pounds.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Riyad Capital on Thursday decreased the price target for Saudi Arabian medical services company and pharmacy operator Al-Dawaa Medical Services (SASE:4163) to 45 Saudi riyals from 50 riyals and kept its neutral rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)