BMO Capital analyst Rufus Hone initiated coverage of Adyen with an Outperform rating and EUR 1,300 price target. The Q3 update and recent capital markets day demonstrated better-than-expected revenue growth, says the analyst, who believes Adyen’s medium-term targets are “credible” and expects revenue growth reacceleration will prove enduring.
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Read More on ADYEY:
- Adyen price target raised to EUR 1,425 from EUR 1,150 at Goldman Sachs
- Adyen assumed with Buy from Neutral at UBS
- Adyen upgraded to Overweight from Underweight at Wells Fargo
- Adyen upgraded to Neutral from Sell at Bryan Garnier
- Adyen price target lowered to 925 GBp from 1,025 GBp at Morgan Stanley
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