StoneCo price target lowered to $10 from $12 at Barclays

Barclays analyst John Coffey lowered the firm’s price target on StoneCo (STNE) to $10 from $12 and keeps an Equal Weight rating on the shares ahead of the Q4 report. The company may see payment volume growth acceleration offset by spending pressure from rising Selic rates, the analyst tells investors in a research note.