Wells Fargo initiates Nuvei with an Equal Weight, $29 price target

As previously reported, Wells Fargo initiated coverage of Nuvei with an Equal Weight rating and $29 price target. With tough comps and other headwinds waning, the Nuvei story may finally be turning the corner, the firm argues. That said, Wells struggles to overlook missteps of the past and prefers to be patient before perhaps getting constructive.