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Fly News Breaks for February 11, 2019
UEPS
Feb 11, 2019 | 07:56 EDT
Maxim analyst Allen Klee lowered his price target on Net 1 UEPS to $7 after its lower than expected Q2 results in South Africa and non-cash adjustments. The analyst cites the management's expectations of bringing its South Africa business back to breakeven by the end of 2019 and a has a positive view on the company's other businesses, but lowers his FY19 EPS outlook for Net 1 UEPS to (87c) from 56c.
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