Fly News Breaks for November 26, 2019
Nov 26, 2019 | 06:08 EDT
JPMorgan analyst Domingos Falavina downgraded PagSeguro Digital to Neutral from Overweight with a price target of $39, down from $60. The company's new lease accounting and "soft" guidance imply cash flows that are 30% lower than previously forecast, Falavina tells investors in a research note. The analyst now sees "limited" ~15% upside from current price levels.
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