Morgan Stanley analyst Adam Wood downgraded Adyen to Equal Weight from Overweight with a price target of EUR 1,025, down from EUR 2,000. The analyst thinks investors will need to wait at least 12 months before any growth re-acceleration, “allowing the bear narrative to dictate.” A lack of catalysts suggests short-term risk to the downside, the analyst tells investors in a research note.
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Read More on ADYEY:
- Adyen downgraded to Hold from Buy at Jefferies
- Adyen price target lowered to EUR 1,400 from EUR 1,800 at MoffettNathanson
- Adyen price target lowered to EUR 1,150 from EUR 1,600 at Barclays
- PayPal growing Braintree at expense of Adyen, says Mizuho
- Adyen downgraded to Sell from Neutral at Bryan Garnier
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