StoneCo, PagSeguro stocks drop after Morgan Stanley downgrades on higher rates

Dec. 07, 2022 10:48 AM ETPagSeguro Digital Ltd. (PAGS), STNEBy: Max Gottlich, SA News Editor12 Comments

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  • StoneCo (NASDAQ:STNE), -5.4%, and PagSeguro Digital (NYSE:PAGS), -4.2%, stocks slid in Wednesday morning trading after Morgan Stanley cut the Brazilian fintech companies to Equal Weight, citing the negative impacts of higher interest rates.
  • The firm believes interest rates in Brazil, the

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