Why StoneCo Stock Jumped Today

Shares of StoneCo (STNE 1.76%) climbed as much as 10.8% early Monday then settled to close up around 2% after analysts at Goldman Sachs upgraded the Brazilian banking and financial-services company.Why Goldman believes StoneCo is set to outperformIn a note to clients early Monday, an analyst team led by Goldman Sachs' Tito Labarta upgraded the firm's rating on StoneCo to buy from neutral and raised its per-share price target on the stock to $21 from$12. Labarta also upgraded fellow Brazilian fintech stock ...