BMO Capital Maintains Outperform on Nuvei, Lowers Price Target to C$60
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst James Fotheringham has maintained an 'Outperform' rating on Nuvei (TSX:NVEI), but lowered the price target from C$90 to C$60.
August 10, 2023 | 1:18 pm
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Nuvei's price target has been lowered from C$90 to C$60 by BMO Capital, though the 'Outperform' rating is maintained.
The lowering of the price target by BMO Capital indicates a potential decrease in Nuvei's stock price in the short term. However, the maintained 'Outperform' rating suggests that the stock is still expected to outperform the market or its sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100