Morgan Stanley raised the firm’s price target on PagBank (PAGS) to $7 from $5 and keeps an Underweight rating on the shares. The firm updated the company’s estimates to reflect the Q2 report and new long-term guidance. Morgan Stanley’s long-term estimates remain well below PagBank’s guidance. It believes the company’s execution risk is high given limited visibility into its underwriting standards, capital deployment and competitive positioning.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PAGS: