Payoneer Global price target lowered to $10 from $11 at Keefe Bruyette

Keefe Bruyette lowered the firm’s price target on Payoneer Global (PAYO) to $10 from $11 and keeps a Market Perform rating on the shares. Payoneer delivered a solid quarter, but management expects a normalization of growth trends toward mid-teens core revenue growth, in line with expectations set at the investor day, the analyst tells investors in a research note.