omersukrugoksu XP Inc. (NASDAQ:XP) shares slipped 1.2% in Thursday late morning trading after UBS downgraded the Brazilian investment brokerage to Neutral from Buy, owing to a challenging macroeconomic backdrop in Latin America’s largest economy. Since the start of 2024, Brazil has experienced both significant currency devaluation and higher government securityContinue Reading
Alexander Farnsworth Piper Sandler started off coverage on Walmart (NYSE:WMT) with an Overweight rating. The firm thinks the strong year-to-date rally still has legs to run further. “We believe the company is in the early stages of an unprecedented profit growth acceleration for a large and mature retailer,” noted analystContinue Reading
yujie chen/iStock Editorial via Getty Images Stifel launched coverage on Tesla (NASDAQ:TSLA) for the first time, with a Buy rating and price target of $265. The firm pointed to the electric vehicle maker’s vast global supply chain coupled with internal manufacturing support cost advantage and strong margins. Analyst Stephen GengaroContinue Reading
