
Stock Market Today, June 3: Nu Holdings Slides After Analyst Downgrade Highlights Margin and Leadership Risks

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Nu Holdings (NYSE:NU) shares fell 2.43% to $11.64 following a downgrade by Susquehanna, which cited margin pressure and leadership uncertainty. The firm lowered its price target from $18 to $13, noting operating margins dropped 760 basis points and credit loss provisions rose 33%. Concerns also surround the recent CFO transition as Nu expands into Mexico and the U.S. Trading volume surged nearly 98% above average.
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