Payfare price target raised to C$4 from C$3 at Raymond James

Raymond James analyst Stephen Boland raised the firm’s price target on Payfare (PYFRF) to C$4 from C$3 and keeps a Market Perform rating on the shares. The price target raise follows the announcement that Payfare entered into a definitive Agreement with 1517452 B.C., an affiliate of Fiserv (FI), to acquire Payfare for $4.00 in cash per common share.