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Fly News Breaks for January 9, 2020
Jan 9, 2020 | 06:58 EDT
Guggenheim analyst Jeff Cantwell raised his price target for StoneCo to $47 from $42 saying the data he's tracking specific to the Stone Portal for December and Q4 look positive. Driven by a "strong" December, unbounced unique visitors to the Stone Portal webpage increased by 21% year-over-year in Q4, Cantwell tells investors in a research note. The analyst keeps a Buy rating on the shares.