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Fly News Breaks for September 12, 2018
EEFT
Sep 12, 2018 | 07:12 EDT
SunTrust analyst Andrew Jeffrey raised his price target on Euronet to $130 and kept his Buy rating, saying the stock price should advance based on the company's above-average organic revenue and EBITDA growth. The analyst adds that investors should start to give more weight to receding risk of "adverse dynamic currency conversion regulation" in Europe, with only a "few" likely having reviewed a draft report two weeks ago issued by European Parliament that argued against DCC caps. If passed, Jeffrey contends that the law would be a "clear positive" for Euronet at a time when its "business is humming".
News For EEFT From the Last 2 Days
EEFT
Mar 26, 2024 | 08:08 EDT
Evercore ISI raised the firm's price target on Euronet to $135 from $118 and keeps an Outperform rating on the shares. February U.S. payment volume growth accelerated following a soft January, with commentary from Visa (V) pointing to quarter-to-date U.S. payment volume growth through February 21 in line with the Q4 rate of 5%, the analyst tells investors. Overall, calendar Q1 data points reflect a U.S. soft-landing scenario, supporting continued, stable payment volume growth, and creating a favorable set up for most of the payment companies the firm covers, the analyst added in a Q1 preview note for the payments, processors and IT services group.