Wells Fargo Maintains Equal-Weight on Nuvei, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Bauch has maintained an Equal-Weight rating on Nuvei (NASDAQ:NVEI) and reduced the price target from $29 to $27.

March 07, 2024 | 12:19 pm
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Wells Fargo analyst Andrew Bauch maintains an Equal-Weight rating on Nuvei and lowers the price target from $29 to $27.
The reduction in price target by a notable analyst could lead to a negative perception among investors, potentially causing a short-term decrease in Nuvei's stock price. The Equal-Weight rating suggests that the analyst views the stock as fairly valued at its current price, but the lowered target indicates a tempered expectation for the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100