Why StoneCo Stock Topped the Market on Tuesday
Brazilian fintech StoneCo (NASDAQ: STNE) was a standout stock on Tuesday. The company's share price enjoyed a more than 5% lift in contrast to the basically flat S&P 500 index. An analyst's light but impactful price-target increase was the catalyst behind this jump.
Before market open that day, UBS prognosticator Mariana Taddeo lifted her price target on StoneCo's shares to $9.80 apiece, up from her previous level of $9.00.
That shift, however, isn't substantial enough to change her view on the stock's potential; she's maintaining her neutral recommendation.
Source Fool.com
