Barclays Maintains Overweight Rating for PagSeguro Digital: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Overweight rating for PagSeguro Digital (NYSE:PAGS) but lowered its price target from $16.00 to $14.00. PagSeguro Digital's shares are trading down 4.84% at $9.94 per share.

May 30, 2023 | 5:01 pm
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Barclays maintains Overweight rating for PagSeguro Digital (NYSE:PAGS) and lowers price target from $16.00 to $14.00. Shares are trading down 4.84% at $9.94.
Barclays' decision to maintain its Overweight rating for PagSeguro Digital indicates a positive outlook for the company. However, the lowering of the price target from $16.00 to $14.00 suggests a more conservative growth expectation. The stock is currently trading down 4.84% at $9.94, which may be a short-term reaction to the news. The overall impact on the stock price is neutral in the short term as the lowered price target is still higher than the current trading price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100