Citi upgraded Euronet to Buy from Neutral with a price target of $120, up from $116. The analyst has higher confidence in Euronet achieving or exceeding the upper end of its outlook, and “potential for more stability thereafter.” The stock pulled back significantly and and it multiple remains near multi-year lows versus the market, despite the potential for improving stability and communication, the analyst tells investors in a research note. The firm says execution and improved sentiment regarding earnings consistency can support stock appreciation.
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Read More on EEFT:
- Euronet Announces First Quarter 2024 Earnings Release Date and Conference Call Details
- Euronet participates in a conference call with Northland
- Euronet price target raised to $135 from $118 at Evercore ISI
- Euronet initiated with a Buy at Monness Crespi
- Euronet Worldwide Announces Expansion of Board, New Director
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