Citi analyst Gustavo Schroden raised the firm’s price target on XP Inc. (XP) to $23 from $22 and keeps a Buy rating on the shares. Citi also added a “downside 90-day catalyst watch” on XP ahead of the Q3 report. The firm expects the results will be hampered by high interest rates and weaker than expected activity. However, the firm still believes XP shares are attractively valued.
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