XP raises Ibovespa projection to 112 thousand points in 2020

After the Ibovespa jumped 13% in less than two weeks and the dollar went from R$ 5.90 to below R$ 5.00 in one month, XP Investimentos decided to revise its scenario for the Brazilian stock exchange, raising the projection for the index. In a report, the Ibovespa’s target price was raised from 94 thousand to 112 thousand points by the end of this year, which in the current index score represents a potential increase of 16%.

Source: Infomoney