UBS upgraded Adyen to Buy from Neutral with a price target of EUR 1,125, up from EUR 772, after assuming coverage of the name. The analyst views the Adyen capital markets day positively, with new “realistic” mid-term revenue and better than expected margins targets.
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Read More on ADYEY:
- Adyen upgraded to Overweight from Underweight at Wells Fargo
- Adyen upgraded to Neutral from Sell at Bryan Garnier
- Adyen price target lowered to 925 GBp from 1,025 GBp at Morgan Stanley
- Adyen initiated with an Underweight at Wells Fargo
- TD Cowen starts Adyen at Market Perform on questions about medium-term targets