Monness Crespi raised the firm’s price target on Euronet to $145 from $140 and keeps a Buy rating on the shares following the Q2 report. The company missed versus consensus, which primarily reflected the non-repeating promotional sales in e-payments, the analyst tells investors in a research note. While the firm’s estimates are coming down for 2024, it says of the setup for Euronet “remains rosy.” The company money transfer segment is benefitting from lengthened growth runways, the analyst tells investors in a research note.
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