Citi upgraded Euronet to Buy from Neutral with a price target of $120, up from $116. The analyst has higher confidence in Euronet achieving or exceeding the upper end of its outlook, and “potential for more stability thereafter.” The stock pulled back significantly and and it multiple remains near multi-year lows versus the market, despite the potential for improving stability and communication, the analyst tells investors in a research note. The firm says execution and improved sentiment regarding earnings consistency can support stock appreciation.
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