Citi Downgrades Inter & Co. to Neutral as Stock Re-rating Reflects ROE Trajectory
Citi downgraded Inter & Co.'s stock (INTR) from Buy to Neutral, citing that the ~150% re-rating already reflects a mid-teens return on equity trajectory. The downgrade led to a 1.6% drop in INTR's stock price.
Topics: Citi Inter & Co. stock downgrade valuation