New Street Research Downgrades PagSeguro Digital to Neutral, Raises Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
New Street Research analyst Soomit Datta downgraded PagSeguro Digital (PAGS) from Buy to Neutral but raised the price target from $14 to $15.
February 01, 2024 | 10:33 am
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NEUTRAL IMPACT
PagSeguro Digital was downgraded from Buy to Neutral by New Street Research, though the price target was increased from $14 to $15.
The downgrade to Neutral suggests a more cautious outlook on PAGS by New Street Research, potentially limiting short-term upside. However, the increase in price target to $15 indicates a positive view on the company's valuation, which could balance out the impact on the stock price. The mixed signals may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100