JP Morgan Maintains Neutral Rating for PagSeguro Digital: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
JP Morgan has maintained its Neutral rating for PagSeguro Digital (NYSE:PAGS) but lowered its price target from $11.50 to $10.00. PagSeguro Digital's shares are currently trading down 2.17% at $8.79 per share. A move to $10.00 would represent a 13.83% increase from the current share price.
September 13, 2023 | 5:00 pm
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NEGATIVE IMPACT
JP Morgan's decision to maintain a Neutral rating but lower the price target for PagSeguro Digital could potentially impact the company's stock price.
JP Morgan's decision to lower the price target for PagSeguro Digital indicates a less optimistic outlook for the company's stock, which could potentially lead to a decrease in its stock price. However, the maintenance of a Neutral rating suggests that the overall impact may be moderate.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100