Stifel analyst David Vignon upgraded Adyen to Buy from Hold with a price target of EUR 1,450, up from EUR 790. The analyst believes Adyen has “answered most of the concerns surrounding the company,” while competitive pressure appears to be weakening, also helped by Adyen incorporating some changes to its methods.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ADYEY: