AGI (NYSE:AGBK) Now Covered by Morgan Stanley

Morgan Stanley assumed coverage on shares of AGI (NYSE:AGBK) in a research report released on Monday, MarketBeat reports. The brokerage issued an overweight rating and a $21.00 price target on the stock.

AGBK has been the topic of several other reports. HSBC initiated coverage on shares of AGI in a research report on Thursday, March 5th. They set a “buy” rating and a $15.00 target price on the stock. Wall Street Zen upgraded shares of AGI to a “hold” rating in a report on Saturday, February 21st. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $17.14.

AGI Stock Performance

AGBK opened at $10.53 on Monday. AGI has a 12 month low of $10.21 and a 12 month high of $12.21.

Trending Headlines about AGI

Here are the key news stories impacting AGI this week:

• Positive Sentiment: Morgan Stanley started coverage with an “Overweight” rating and a $21 price target (≈99.5% upside). This is the most aggressive target and likely the biggest single driver of buying interest today.
• Positive Sentiment: The Goldman Sachs Group initiated coverage with a “Buy” rating and a $19 price target (≈80.5% upside).
• Positive Sentiment: Citigroup initiated coverage with a “Buy” rating and an $18 price target (≈71% upside). Article Title
• Positive Sentiment: Susquehanna started coverage at “Positive” with a $17 price target (≈61.5% upside). Article Title
• Positive Sentiment: Itau BBA initiated coverage with an “Outperform” and a $15 price target (≈42.5% upside). Article Title Ticker Report
• Positive Sentiment: Oppenheimer initiated with an “Outperform” and a $15 price target (≈42.5% upside). Article Title

About AGI

Our mission is to revolutionize financial services for the largest and fastest growing segment of Brazil’s population: individuals who have been underserved by incumbent banks and have not been effectively reached by digital-only banks. We seek to make credit and banking solutions more accessible and affordable for the Brazilian consumers who we believe need it the most, including social security beneficiaries and private and public sector workers. We have designed a unique value proposition for this population, who may be older, have a lower income, be less tech-savvy or have less access to education.