Northcoast analyst Kartik Mehta initiated coverage of Deluxe with a Buy rating and $27 price target. The analyst sees several catalysts for the company to drive improvement in revenue, adjusted EBITDA, and a reduction in the leverage ratio. Deluxe is transforming from a declining check business to a company focused on payments and data, the analyst tells investors in a research note. The firm says Deluxe is focused on reducing its leverage and creating value for shareholders.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
