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Fly News Breaks for January 5, 2020
XP
Jan 5, 2020 | 21:53 EDT
Goldman Sachs analyst Tito Labarta initiated coverage of XP Inc. with a Neutral rating and $40 price target. The analyst thinks XP is "uniquely positioned" to gain share from the large banks in Brazil as an independent Brazilian financial advisor. However, he views the stock's current valuation as "rich."
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