Morgan Stanley analyst James Faucette upgraded Evertec (EVTC) to Equal Weight from Underweight with a price target of $35, up from $33. The firm thinks the company’s setup has improved given its diversification into Latin American and stabilizing Puerto Rico trends. Evertec’s current valuation is fair and prices in potential downside from macro and currency headwinds as well as Sinqia integration pressure, the analyst tells investors in a research note.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks