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Investing.com114d agobearish

Nubank downgraded to “underperform” at BofA on CFO exit and leadership turnover

Investing.com -- BofA Securities downgraded Nubank to “underperform” from “neutral” rating, cutting its price objective to $10 from $16, after the Brazilian neobank announced chief financial officer Guilherme Lago would step down effective July 13, adding to a string of senior leadership departures the broker said had become "harder to ignore."

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