Jefferies lowered the firm’s price target on Payoneer Global (PAYO) to $7 from $9 and keeps a Buy rating on the shares following Q3 results. Another solid quarter of mid-teens ex-float growth as continued take rate expansion offset slower small and medium-sized businesses on marketplaces volume growth, according to Jefferies. Q4 marketplaces volumes are likely to slow further, pushing overall ex-float growth down to the low-double-digits, the firm told investors in a research note.
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