UBS upgraded Nu Holdings (NU) to Buy from Neutral with a price target of $17.60, up from $17.20. The stock’s current valuation is attractive given Nu’s earnings growth expectations, the analyst tells investors in a research note. The firm says the shares are trading at the same valuation levels as in 2023 despite the company’s earnings doubling since then. UBS expects Nu to continue reporting growth, driven by the ongoing acceleration of its loan portfolio.
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