Inter & Co. shares fell after Citi cited the stock’s 150% re-rating as fully pricing in mid-teens return on equity.
Inter & Co. (INTR) shares declined 1.6% in Monday trading after Citi cut its rating to Neutral from Buy. The bank stated the stock’s approximately 150% re-rating already reflects its expected mid-teens return on equity trajectory.
Prior to the downgrade, Inter & Co. had seen significant valuation expansion, aligning with Citi’s outlook for profitability. The move suggests limited upside potential at current levels.
The downgrade contributed to the stock’s intraday decline, though broader market conditions were not detailed.