Truist analyst Andrew Jeffrey lowered the firm’s price target on Euronet to $120 from $155 but keeps a Buy rating on the shares after its Q2 results. Euronet’s tourist ATM business has become less predictable, hampered by weather, macro and travel disruptions, the analyst tells investors in a research note. The firm adds however that it sees bright spots in above-market Money Transfer organic revenue and steady epay performance.
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