Barclays analyst John Coffey lowered the firm’s price target on PagBank to $13 from $16 and keeps an Overweight rating on the shares as part of a Q3 earnings preview for the Latin American fintech space. The firm says credit is unlikely to be a needle-mover for PagBank in the second half of 2024, but the company could surprise investors with broader vertical penetration and a potential dividend.
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