Stock Track | Inter & Co (INTR) Soars 5.03% as UBS Maintains Buy Rating and Raises Target Price

Stock Track08-12

Shares of Inter & Co Inc (INTR) are surging 5.03% in Tuesday's intraday trading session, outperforming the broader market. The Brazilian digital bank's stock is attracting significant investor attention following a positive analyst update.

The rally comes on the heels of UBS reaffirming its Buy rating on Inter & Co. Moreover, UBS has raised its target price for the stock to $9.2, up from the previous target of $8.1. This upward revision in the price target suggests that UBS sees substantial upside potential in Inter & Co's shares. The maintained Buy rating, coupled with the increased price target, is likely fueling investor optimism about the company's growth prospects and financial performance, contributing to today's sharp stock price increase.

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