Raymond James Maintains Outperform on Nuvei, Lowers Price Target to $28
Portfolio Pulse from jenniferd'souza@benzinga.com
Raymond James analyst John Davis has maintained an 'Outperform' rating on Nuvei (NASDAQ:NVEI), but lowered the price target from $47 to $28.
August 10, 2023 | 1:10 pm
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Raymond James has maintained an 'Outperform' rating on Nuvei but lowered the price target from $47 to $28.
The news is directly related to Nuvei and is likely to impact its stock price. While the 'Outperform' rating suggests that the analyst expects the stock to do better than the market average, the lowered price target might create a negative sentiment among investors, potentially putting downward pressure on the stock price in the short term.
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IMPORTANCE 80
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