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Fly News Breaks for September 7, 2018
EEFT
Sep 7, 2018 | 06:08 EDT
After hosting Michael Brown, CEO and founder of Euronet, Piper Jaffray analyst Jason Deleeuw continues to recommend the shares with an Overweight rating and $111 price target. The analyst says Euronet is one of his favorite names given the company's "strong growth profile, under-levered balance sheet and attractive relative valuation to peers." Further, Deleeuw believes Euronet's growth momentum remains strong across its three business platforms: ATM, money transfer and prepay. Enhancements to and value of Euronet's platforms are being underestimated by the current valuation, the analyst contends.
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