Lake Street analyst Josh Elving recommends using yesterday's pullback in shares of Euronet Worldwide following an analyst downgrade as a buying opportunity. Elving attributes the selloff to concerns surrounding the company's ability to maintain a strong Dynamic Currency Conversion business in Europe following an inquiry by an advocacy group seeking to address high fees in cross border transactions. The majority of DCC revenue for Euronet are at the ATM, the analyst tells investors in an email after speaking with CEO Mike Brown. Further, Elving believes the likelihood of any major changes in Europe is "low and a long way off." He keeps a Buy rating on the shares with a $100 price target.

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.