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PagSeguro Digital price target lowered to $16 from $26 at Susquehanna

Susquehanna analyst James Friedman lowered the firm’s price target on PagSeguro Digital to $16 from $26 and keeps a Positive rating on the shares. The analyst lowered his estimates to better reflect ongoing trends occurring at PagSeguro specifically and in Brazil Merchant Acquiring more generally. He moved his target multiple to a discount to peers.

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Published first on TheFly

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