Evercore ISI Group Upgrades PagSeguro Digital to Outperform, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Sheriq Sumar upgraded PagSeguro Digital (NYSE:PAGS) from In-Line to Outperform and increased the price target from $12 to $18.
March 26, 2024 | 10:20 am
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PagSeguro Digital was upgraded by Evercore ISI Group from In-Line to Outperform, with the price target raised from $12 to $18.
Upgrades by reputable analysts like Evercore ISI Group often lead to positive market sentiment towards the stock in question. The significant increase in the price target from $12 to $18 suggests a strong conviction in the company's future performance, potentially leading to increased investor interest and a short-term rise in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100