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EVOP

EVO Payments

$24.91

-0.07 (-0.28%)

16:09
12/10/18
12/10
16:09
12/10/18
16:09

EVO Payments announces strategic relationship between eService, POSNET

EVO Payments announced a strategic relationship between eService an EVO subsidiary, and POSNET, a POS solutions provider in the Polish market, to offer a POS solution to businesses in Poland. Under the terms of the new relationship, eService's payment application will be installed on POSNET's Pospay device. Pospay is the first mobile-operated device in Poland to integrate the functions of a payment terminal, a cash register and a printer. As a result of this relationship, eService and POSNET expect to deploy the new Pospay point-of-sale solution to both new and existing merchants beginning in early 2019. The arrangement will allow eService to leverage POSNET's salesforce and ongoing relationships to increase its distribution of payment solutions in the Polish market.

  • 11

    Dec

  • 12

    Dec

EVOP EVO Payments
$24.91

-0.07 (-0.28%)

11/27/18
11/27/18
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. CVS Health (CVS) initiated with an Overweight at Cantor Fitzgerald. 2. EVO Payments (EVOP) initiated with a Buy at BTIG. 3. Coherent (COHR) initiated with a Buy at Vertical Group. 4. LPL Financial (LPLA) was initiated with a Conviction Buy at Goldman Sachs while CalAmp (CAMP), Stifel Financial (SF), and Raymond James (RJF) initiated with a Neutral. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/27/18
BTIG
11/27/18
INITIATION
Target $31
BTIG
Buy
EVO Payments initiated with a Buy at BTIG
BTIG analyst Mark Palmer initiated EVO Payments with a Buy rating and a price target of $31. The analyst says the company is "well positioned to achieve low double-digit to mid-teens revenue growth and expanding margins while generating strong free cash flow and de-leveraging". The analyst is also citing EVO Payments' focus on the underpenetrated markets outside of the U.S. where competition among merchant acquirers is less intense along withe the "solid track record" of CEO Jim Kelly.
11/14/18
LEHM
11/14/18
INITIATION
LEHM
Overweight
Barclays initiates coverage of U.S. payment processors with PayPal as top pick
As noted earlier, Barclays analyst Ramsey El-Assal initiated a group of 20 U.S. companies in the Payments, Processing, and related IT Services sector with Overweight-rated PayPal (PYPL) as his Top Pick. The analyst cites the company's "100% exposure to high-growth digital channels" along with its "clean balance sheet substantial cash position" that bring it a "strategic opportunity. El-Assal is also particularly positive on Overweight-rated WorldPay (WP) based on its strong growth potential from its exposure to "tech-enabled channels" and merger synergies, FirstData (FDC) based on the accelerating growth of its merchant channels, and Square (SQ)," whose Subscription & Services segment is blurring the lines between Payments and software". The analyst contends that the extent of being "tech-enabled" is a key differentiator in the Payments industry, assigning an Overweight rating to Alliance Data Systems (ADS), ADP (ADP), Cardtronics (CATM), Fidelity National (FIS), First Data (FDC), Fiserv (FISV), Fleetcor Technologies (FLT), Global Payments (GPN), Green Dot (GDOT), Mastercard (MA), Total System Services (TSS), Visa (V), and WEX Inc (WEX). El-Assal assigns Equal-weight ratings to EVO Payments (EVOP) and Paychex (PAYX), stating that while the companies are "solid performers" in the space, their valuation is seen as more balanced. The analyst rates MoneyGram (MGI) and Western Union (WU) at Underweight, saying that the former will struggle to re-ignite positive growth as the costs associated with regulatory scrutiny weigh on its profits and the latter will be challenged by "periodic pricing pressure eroding margins over a long period of time."
11/14/18
LEHM
11/14/18
INITIATION
Target $29
LEHM
Equal Weight
EVO Payments initiated with an Equal Weight at Barclays
Barclays analyst Ramsey El-Assal initiated EVO Payments with an Equal Weight and $29 price target.

TODAY'S FREE FLY STORIES

ITCI

Intra-Cellular

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0.53 (4.37%)

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TISI

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BTI

British American Tobacco

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PM

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IMBBY

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NXGN

NextGen Healthcare

$17.10

-1.01 (-5.58%)

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AMRX

Amneal Pharmaceuticals

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1.555 (44.62%)

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NXGN

NextGen Healthcare

$17.39

-0.72 (-3.98%)

14:08
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Earnings
NextGen Healthcare lowers FY20 EPS outlook, raises low-end of FY20 revenue view »

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  • 12

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APO

Apollo Global

$44.31

-0.66 (-1.47%)

, GE

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$11.36

0.375 (3.42%)

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GE

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ATH

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1.12 (2.55%)

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CIEN

Ciena

$41.74

6.29 (17.74%)

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  • 12

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BMRN

BioMarin

$80.03

1.25 (1.59%)

14:05
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Options
BioMarin call volume above normal and directionally bullish »

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TXMD

TherapeuticsMD

$2.39

0.01 (0.42%)

, AMRX

Amneal Pharmaceuticals

$5.15

1.66 (47.63%)

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TXMD

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$2.39

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AMRX

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MRK

Merck

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  • 12

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HURN

Huron

$69.15

0.23 (0.33%)

13:57
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Conference/Events
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  • 17

    Dec

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Conference/Events
The FDIC to hold a Board Meeting »

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MLNT

Melinta Therapeutics

$1.71

0.15 (9.62%)

13:48
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FDA approves Melinta Therapeutics sNDA for Orbactiv for injection »

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TTWO

Take-Two

$122.30

-0.08 (-0.07%)

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TakeTwo Interactive Software call volume above normal and directionally bullish »

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  • 13

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KW

Kennedy Wilson

$22.26

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  • 08

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SPY

SPDR S&P 500 ETF Trust

$316.35

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GILD

Gilead

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BCS

Barclays

$8.98

0.01 (0.11%)

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Options
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GE

General Electric

$11.37

0.385 (3.51%)

13:20
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Largest trade of the day is a Jan 2021 GE 1x3 totalling 108K contracts »

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  • 29

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Treasury's $16 B 30-year bond reopening was very, very well received »

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HIIQ

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$NSD

NASDAQ Market Internals

$0.00

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$NYE

NYSE Market Internals

$0.00

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13:08
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