AL JAZEERA: NEW IRANIAN PROPOSAL DEFERS NUCLEAR COMMITMENTS UNTIL AFTER FIRST-PHASE IMPLEMENTATION; DISPUTE CENTERS ON WHICH SIDE GIVES UP LEVERAGE FIRST
$NU Interestingly, Rothschild Redburn reiterated a $19 target on NU this morning, while another analyst firm recently moved to a more optimistic stance because of medium-term Brazilian consumer and macro concerns. That tells us the investment case is genuinely strong.