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Fly News Breaks for February 11, 2019
EEFT
Feb 11, 2019 | 08:59 EDT
DA Davidson analyst Peter Heckmann raised his price target on Euronet to $152 after its Q4 earnings beat, saying the company's revenue growth was driven by the Money Transfer segment which generated 17% growth on a constant currency basis. The analyst adds that while the Prepaid segment revenue fell 1%, the decline was the result of the new accounting standard and would have increased 15% without the change. Heckmann keeps his Buy rating on Euronet and expects the company to "continue to generate attractive growth in revenue and earnings in the near term."
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