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PagSeguro Digital’s Stock Has Reached An Attractive Entry Point, Says Bullish Analyst

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Shares of PagSeguro Digital Ltd (NYSE:PAGS) were trading down on Wednesday.

The stock has lost 20% since April 1, despite the company reporting an acceleration in its first-quarter year-on-year growth in revenues and earnings to 15% and 33%, respectively, according to Goldman Sachs.

The PagSeguro Digital Analyst: Tito Labarta upgraded the rating for PagSeguro Digital from Neutral to Buy, while keeping the price target unchanged at $15.

The PagSeguro Digital Thesis: The current environment in Brazil’s payments sector should favor the company, given its competitive …

Full story available on Benzinga.com

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