Nu stock down as Susquehanna downgrades 'pending better visibility' after recent leadership transition
Nu Holdings (NU) shares fell 4.11% to $11.44 after Susquehanna downgraded the stock from Positive to Neutral, citing a need for better visibility following recent leadership changes. Analyst James Friedman noted that operating margins dropped 760 basis points in Q1'26 due to credit card expansion and regional growth in Mexico and the U.S. The firm trimmed estimates and lowered its price target to $13.00 from $18.00.
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