XP loses bull rating from UBS on tough macro backdrop in Brazil (NASDAQ:XP)
2024-07-11
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