Keefe Bruyette downgraded Nuvei to Market Perform from Outperform with a price target of $34, up from $31, after the company entered into an agreement to be acquired by Advent International for $34 per share. This is in-line with Keefe’s expectations for a potential takeout price of $30-$40 per share, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVEI:
- Nuvei Corp. Goes Private in $6.3 Billion Buyout
- Nuvei enters into agreement to be taken private by Advent International, alongside existing Canadian shareholders Philip Fayer, Novacap and CDPQ at a price of US$34.00 per share
- Lightspeed (TSE:LSPD) Shares Snap Up as It Considers Going Private
- Nuvei selected by Charles & Keith for eCommerce payments solution
- Nuvei Corp Reviews Potential Privatization Options
