Stifel downgraded Adyen to Hold from Buy with a price target of EUR 720, down from EUR 1,900. The analyst expects the company’s earnings to remain under pressure in the next 12 months and sees a lack of visibility on potential positive catalysts for the stock to rebound.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ADYEY:
