Susquehanna analyst James Friedman lowered the firm’s price target on PagBank (PAGS) to $14 from $16 and keeps a Positive rating on the shares. The firm said they reported a solid Q1 thanks to a generally benign competitive landscape and relatively stable macro environment. The said, Aathough it is still early days, the firm notea that management finally messaged it is beginning to offer unsecured lending, and more banking actives and deposits should follow.
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