Euronet price target raised to $126 from $118 at DA Davidson

DA Davidson analyst Peter Heckmann raised the firm’s price target on Euronet to $126 from $118 and keeps a Buy rating on the shares after its “constructive” Q4 earnings beat. Over the next two years, Euronet should be able to generate 5%-8% constant currency, organic revenue growth combined with steady, annual margin expansion, the analyst tells investors in a research note.