Citi double upgraded Adyen to Buy from Sell with a price target of EUR 1,400, up from EUR 695. The firm turned constructive on European payments into 2024, saying expectations will likely trough and attractive growth drivers “will come back to the spotlight, with support from valuation, positioning and corporate actions.”
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Read More on ADYEY:
- Adyen upgraded to Buy from Hold at Jefferies
- Adyen initiated with an Outperform at BMO Capital
- 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
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