Grab stock rises even as Wall Street slides after BofA upgrade — what’s next for GRAB
Grab Holdings shares rose 1.3% to $4.44 Tuesday morning, bucking a broad market decline. Bank of America upgraded the stock to Buy, citing undervaluation and a possible share buyback. Grab’s investment arm increased its stake in PT Super Bank Indonesia to 11.10%. The company reports fourth-quarter and full-year results on Feb. 11.