BofA analyst Mario Pierry upgraded PagBank (PAGS) to Buy from Neutral with a price target of $13, up from $10. The firm cites an attractive valuation and excess capital distribution for the upgrade. Management announced an updated strategic plan, including gross profit compound annual growth guidance of more than 10% and an EPS CAGR of more than 16% through 2029, the analyst tells investors in a research note.
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