Adyen upgraded to Overweight from Equal Weight at Barclays

Barclays upgraded Adyen to Overweight from Equal Weight with a price target of EUR 900, down from EUR 1,150. Adyen remains a “disruptive, best-in-class payments provider, with a long runway of growth ahead,” the analyst tells investors in a research note.. While things will likely get worse in the second half of 2023 before they get better, there has to be a price at which one should look through this and buy, and that point is now, says the firm.