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Fly News Breaks for June 28, 2019
STNE
Jun 28, 2019 | 07:30 EDT
Cantor Fitzgerald analyst Joseph Foresi initiated coverage of StoneCo with an Overweight rating and $33 price target. The company's "unique" business model positions it to gain market share in the "rapidly evolving" Brazil payment industry, Foresi tells investors in a research note. He believes StoneCo's strategy will drive results and multiple expansion.
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