After media outlets reported that the U.S. government could block the acquisition of Moneygram (MGI) by Alibaba's (BABA) Ant Financial, DA Davidson analyst Peter Heckmann indicates that such a development would help Euronet (EEFT). He notes that Euronet previously made an unsuccessful bid for Moneygram. He believes that if Euronet is able to acquire Moneygram, the deal would be "transformational" and " would provide visibility to attractive revenue and earnings growth into 2020". Conversely, if Ant acquires Moneygram, Euronet and Western Union (WU) could come under increased pressure, the analyst stated. He keeps a Buy rating on Euronet. .

Euronet and SOFTONE announced that they are partnering to deliver integrated merchant acquiring solutions in Greece. The partnership involves SOFTONE integrating its leading brands and products with Euronet's merchant acquiring platform. This integration will offer a wide range of cost-effective solutions for online and brick-and-mortar merchants, covering Euronet's 210,000 merchants and SOFTONE's 75,000 enterprises. The partnership aims to expand and deepen relationships with businesses of all sizes, strengthening both companies' market presence and footprints.

Citi upgraded Euronet to Buy from Neutral with a price target of $120, up from $116. The analyst has higher confidence in Euronet achieving or exceeding the upper end of its outlook, and "potential for more stability thereafter." The stock pulled back significantly and and it multiple remains near multi-year lows versus the market, despite the potential for improving stability and communication, the analyst tells investors in a research note. The firm says execution and improved sentiment regarding earnings consistency can support stock appreciation.