bearish

XP Inc

XP (XP US) – Less Demanding Valuations, but the Overhang Still Weighs

XP's less demanding valuation is not enough, in our view, to offset the big share overhang, and competition in Brazil wealth management is intense;  monitor Itausa NAV discount for diluted XP exposure

Equity Bottom-Up
411 Views, 13 May 2022 23:28
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