RBC Capital Maintains Outperform on Nuvei, Lowers Price Target to $29
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Paul Treiber has maintained an 'Outperform' rating on Nuvei (NASDAQ:NVEI), but lowered the price target from $42 to $29.
August 10, 2023 | 2:04 pm
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Nuvei's price target has been lowered from $42 to $29 by RBC Capital, although the 'Outperform' rating is maintained.
The lowering of the price target by RBC 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