Adyen: UBS upgrades stock

(CercleFinance.com) - UBS has upgraded Adyen shares from "neutral" to "buy", hugely increasing its target price for them from E772 to E1125, with the latter representing 21% upside potential for the Dutch fintech's shares.


In its summary, the broker says that it views the group's (CMD) favourably, pointing to new medium-term projections that are deemed realistic for revenues and better-than-expected for margins.


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