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Fly News Breaks for May 16, 2019
PAGS
May 16, 2019 | 07:10 EDT
As previously reported, Guggenheim analyst Jeff Cantwell upgraded PagSeguro Digital to Buy from Neutral after the company announced a product expansion in financial services, which he sees significantly improving its long-term revenue and earnings outlook. He believes its new financial services, such as PagBank, are highly complementary with PagSeguro's existing platform and that the move increases the company's total addressable market significantly, Cantwell tells investors. He set a $33 price target on PagSeguro shares.
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