UBS Analyst Maintains A Neutral Rating On Nu Holdings Ltd. (NU)

Group 1 - UBS analyst Thiago Batista maintained a Neutral rating on Nu Holdings Ltd. and raised the price target from $16 to $18.40 [1] - Grupo Santander upgraded Nu Holdings Ltd. from Neutral to Outperform with a price target of $22, citing faster growth in Mexico and recovery in Brazil [1] - Nu Holdings Ltd. has over 110 million customers and a market capitalization of $79.18 billion [3] Group 2 - Nu Holdings Ltd. announced plans to apply for a banking license in Brazil due to a legal change affecting non-bank businesses [2] - The company previously offered credit cards and opened accounts without a banking license, and the modification is not expected to significantly change financing needs [2] - Nu Holdings Ltd. has already applied for a banking charter in the United States and holds a banking license in Mexico [3]