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Investing.com - Citi raised its price target on Inter & Co Inc. (NASDAQ:INTR) to $9.00 from $7.50 while maintaining a Buy rating, following a meeting with the company’s CFO and investor relations team.
The price target increase reflects Citi’s higher confidence in Inter & Co’s sustainable return on equity (ROE) and the consistency of the company’s performance, according to the research note.
Citi noted that Inter & Co is making good progress on its "60/30/30 agenda," with risk-adjusted net interest margin improvements expected to continue for several quarters as the bank reprices payroll and real estate loans.
Despite recent investments and an increase in cost-to-income ratio, Inter & Co’s management expressed confidence that 2026 would mark a better starting point for efficiency and operating leverage, Citi reported.
For 2025, Inter & Co management expects efficiency to improve to approximately 45% with loan growth of about 25-30% year-over-year, which should translate to high-teens or approximately 20% ROEs, according to Citi’s research note.
In other recent news, Inter & Co, Inc. has reported its unaudited interim financial statements as of March 31, 2025, to the U.S. Securities and Exchange Commission. The company has also announced a significant equity sale, as disclosed in a recent SEC Form 6-K filing. In another development, Inter & Co has initiated a subsidy period for the conversion of its Brazilian Depositary Receipts and Class A shares, which could affect the liquidity and market value of these securities. Additionally, Inter & Co has issued Subordinated Financial Bills totaling R$500,100,000, aiming to enhance its Basel Ratio by approximately one percentage point. Banco BTG Pactual (BVMF:BPAC3) S.A. has acquired a 5.69% equity stake in Inter & Co, stating the acquisition is for investment purposes without plans to alter the company’s control or administrative structure. These developments reflect the ongoing strategic maneuvers and regulatory compliance efforts by Inter & Co. The company continues to maintain transparency with its shareholders and the broader market through these filings.
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