Nu Holdings is trading 4.12% down at $13.61 after Itaú BBA downgraded it from Outperform to Market Perform and cut its price target from $20 to $18 on September 16, 2026.
- The analyst cited greater medium-term uncertainty in Brazil’s consumer environment, including reduced fiscal support.
- Higher oil and commodity prices are adding inflationary pressure.
- Broader rate-hike concerns are pressuring financial stocks.