Nu Holdings price target raised to $18 from $17 at JPMorgan

JPMorgan raised the firm’s price target on Nu Holdings (NU) to $18 from $17 and keeps an Overweight rating on the shares after speaking with CFO Guilherme Lago. Nu continues to see controlled asset quality across products and geographies, the analyst tells investors in a research note. The firm says the company’s personal loans in Mexico are performing better than expected on both volumes and asset quality.