PagSeguro, StoneCo stocks tumble after Morgan Stanley downgrades to Underweight

Fintech, Financial Technology Concept

GOCMEN

PagSeguro Digital (NYSE:PAGS) stock sank 9.3% and StoneCo (NASDAQ:STNE) stock dropped 7.6% in Thursday premarket trading after Morgan Stanley downgraded both stocks to Underweight, as analyst Jorge Kuri expects 2024 to mark peak growth and profitability for the Brazilian payments sector.

Morgan Stanley believes “the

Leave a Reply

Your email address will not be published. Required fields are marked *