PagSeguro Digital shares are trading higher after Evercore ISI Group upgraded the stock from In-Line to Outperform and raised its price target from $12 to $18.
Portfolio Pulse from Benzinga Newsdesk
PagSeguro Digital's stock price increased following an upgrade by Evercore ISI Group from In-Line to Outperform, with a raised price target from $12 to $18.
March 26, 2024 | 1:07 pm
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POSITIVE IMPACT
PagSeguro Digital's stock price is likely to experience a short-term increase following the upgrade by Evercore ISI Group to Outperform and a higher price target.
Stock upgrades by reputable financial institutions like Evercore ISI Group often lead to increased investor confidence and a subsequent rise in stock prices. The significant raise in the price target from $12 to $18 indicates a strong bullish outlook on PAGS, likely influencing both short-term trading and potentially longer-term investment perspectives.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100