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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Read More on PAGS:
- PagSeguro Digital price target lowered to $14 from $20 at Cantor Fitzgerald
- New Street upgrades ‘cheapest PayCo in the world’ PagSeguro to Buy
- PagSeguro Digital upgraded to Buy from Neutral at New Street
- PagSeguro Digital price target lowered to $12 from $20 at Deutsche Bank
- PagSeguro Digital downgraded at Morgan Stanley on elevated interest rates
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