DA Davidson analyst Peter Heckmann keeps his Buy rating and $140 price target on Euronet but raises his FY23 EBITDA view to $657.5M from $645.1M. The analyst notes that the material FX headwinds of 2022 for the company will diminish in the first half of 2023 and may convert to tailwinds later this year. Heckmann adds that investors should be playing Euronet for a material rebound in revenue and earnings in 2022 and 2023, followed by a resumption of attractive growth trends.
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