Citi analyst Gabriel Gusan expects a combination of lower interest rates and expense control to contribute to earnings expansion over the next quarters for PagSeguro Digital. The firm believes there is “positive asymmetry” given expected funding cost improvements. It calls PagSeguro Digital shares “too cheap to ignore” and keeps a Buy rating on the name with a $13.50 price target following the Q2 report.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on PAGS:
- PagSeguro Digital price target lowered to $12 from $14 at Barclays
- Notable companies reporting after market close
- PagSeguro Digital call volume above normal and directionally bullish
- PAGS Earnings this Week: How Will it Perform?
- PagSeguro Digital upgraded to Buy from Neutral at UBS
Questions or Comments about the article? Write to editor@tipranks.com