AGI initiated with a Positive at Susquehanna

Susquehanna analyst James Friedman initiated coverage of AGI (AGBK) with a Positive rating and $17 price target The company offers a “unique model” that combines income-linked social security distributions and lending in Brazil, the analyst tells investors in a research note. The firm says Brazil’s social security market is “vast and under penetrated,” while regulatory barriers create a “meaningful moat.”