BMO Capital Maintains Outperform on Paysafe, Lowers Price Target to $64
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst James Fotheringham has maintained an 'Outperform' rating on Paysafe (NYSE:PSFE), but lowered the price target from $80 to $64.
August 16, 2023 | 12:46 pm
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NEUTRAL IMPACT
Paysafe's price target has been lowered from $80 to $64 by BMO Capital, though the 'Outperform' rating is maintained.
The lowering of the price target by BMO Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintained 'Outperform' rating indicates that the analyst still sees potential in the stock, which could balance out the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100