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Fly News Breaks for January 6, 2020
Jan 6, 2020 | 09:55 EDT
Morgan Stanley analyst Jorge Kuri initiated coverage of XP Inc. with an Overweight rating and $45 price target, citing his view that the company is well positioned to capture strong industry growth and asset allocation shifts in Brazil given its "best-in-class" technology, superior open platform, leading IFA distribution network, brand name and execution. XP is the largest online broker in Brazil "by far" and it offers consumers a variety and depth of product and a level of advisory and service that the incumbent banks don't, Kuri tells investors.
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