Credit Suisse Maintains Outperform on Nuvei, Lowers Price Target to $26
Portfolio Pulse from richadhand@benzinga.com
Credit Suisse analyst Timothy Chiodo has maintained an 'Outperform' rating on Nuvei (NASDAQ:NVEI), but lowered the price target from $42 to $26.
August 10, 2023 | 12:54 pm
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Nuvei's price target has been lowered by Credit Suisse from $42 to $26, although the 'Outperform' rating is maintained.
The lowering of the price target by a significant margin could negatively impact investor sentiment and potentially lead to a short-term decrease in Nuvei's stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100