Inter shares are on fire this year and are unlikely to cool down anytime soon, according to Citi. Analyst Rafael Frade upgraded the Brazilian company — which has a " super app " that combines e-commerce, investing, airplane ticket purchasing and other services — to buy from neutral. Frade noted that Inter's second-quarter results made him more confident in the company's ability to deliver stronger returns going forward. Inter earlier this week reported net income and revenue for the second quarter that beat analyst expectations. Inter shares have had a stellar year, rallying 80% in that time.

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Persons: Rafael Frade, Frade, INTR, —, Michael Bloom Organizations: Inter, Citi Locations: Thursday's