Redburn downgraded Adyen to Neutral from Buy citing the competitive threat from PayPal in the U.S. and potentially in Europe.
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Read More on ADYEY:
- Cathie Wood’s ARK Investment bought 736K shares of Adyen today
- Adyen price target lowered to C$1,100 from C$1,800 at Credit Suisse
- Adyen price target lowered to EUR 750 from EUR 1,050 at Citi
- Adyen price target lowered to EUR 1,500 from EUR 1,850 at JPMorgan
- Adyen downgraded to Equal Weight from Overweight at Morgan Stanley