Scotiabank analyst Divya Goyal upgraded Quisitive Technology to Outperform from Sector Perform with a price target of C$0.50, up from C$0.40, after the company announced the completion of the sale of BankCard USA, putting an end to its Payments business. The firm views the move as “the logical next step as the company assessed its strategic alternatives” and contends that “6.5x is a reasonable valuation multiple” considering the scale/scope of the business, the analyst tells investors.
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