Stephens starts on Euronet Worldwide with 'equal weight' rating

Euronet Worldwide

15/09/2022 13:40

** Stephens initiates coverage on electronic payment
processing provider Euronet Worldwide Inc  EEFT.O  with "equal
weight" rating and $95 price target
    ** EEFT positioned to capitalize on opportunities including
B2B payments, ATM outsourcing, and payment digitization -
brokerage
    ** Near-term outlook, however, is "clouded" by the lack of
earnings visibility, Stephens adds
    ** "Despite facing a number of near-term headwinds, the REN
payments platform has positioned EEFT to capitalize on the
digitization of payments, demand for value-add services and
growth in real time payments (RTP)" - Stephens
    ** Nine of 11 brokerages rate the stock "buy" or higher and
two "hold"; their median PT is $145 - Refinitiv
    ** Shares closed at $87.34 on Wednesday and are down 27%
this year, as of last close

 (Reporting by Subhadeep Chakravarty in Bengaluru)
 ((subhadeep.chakravarty@thomsonreuters.com))