CI&T price target raised to $8 from $6 at Citi

Citi analyst Ryan Potter raised the firm’s price target on CI&T to $8 from $6 and keeps a Neutral rating on the shares. The company reported a “solid beat-and-raise” quarter and provided a Q3 revenue outlook that exceeded expectations, the analyst tells investors in a research note. The firm looks for consistency of execution before recommending the shares.