Nu Holdings price target raised to $16 from $14 at BofA

BofA analyst Mario Pierry raised the firm’s price target on Nu Holdings (NU) to $16 from $14 and keeps a Neutral rating on the shares. Nubank’s share price has appreciated 16% since the release of Q2 results that “resonated well with the bulls,” though the firm viewed operating trends as mixed and sees high senior management turnover as a risk, the analyst tells investors in a post-earnings note.