Keefe, Bruyette & Woods Maintains Outperform on Payoneer Global, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Sanjay Sakhrani maintains an Outperform rating on Payoneer Global (PAYO) but lowers the price target from $7 to $6.
February 29, 2024 | 2:42 pm
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NEUTRAL IMPACT
Keefe, Bruyette & Woods maintains an Outperform rating on Payoneer Global but lowers the price target from $7 to $6.
While the maintenance of an Outperform rating indicates continued confidence in Payoneer Global's prospects, the reduction in the price target could suggest a reassessment of the company's near-term growth potential or market conditions. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the positive rating against the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100