Itau Unibanco Holding SA ADR
ITUB: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$7.50 | Tfhd | Jzshmrx |
Brazilian Real Recovers in the Face of Continued Inflation; Itaú's Fair Value Estimate to $5.00
We are increasing our fair value estimate of no-moat Itaú to $5.00 from $4.30 per ADR share. The bulk of the increase comes from a stronger Brazilian real, with our model now using a 4.75 BRL/USD exchange rate as of April 7, 2022.