Euronet Worldwide, Inc. (NASDAQ:EEFT) was downgraded by Wolfe Research to Underperform with a $80 price target due to concerns about payment service provider pressures. Monness also downgraded the stock from Buy to Hold. Both firms cited challenges in the European ATM business and competitive pressures from independent channels.
Euronet Worldwide, Inc. (NASDAQ:EEFT) operates in three segments: Electronic Funds Transfer (EFT), epay, and Money Transfer. Analysts express concerns about revenue growth limitations and competitive pressures affecting the company’s long-term growth rates.
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Read more at Yahoo Finance: Here’s What Wall Street Thinks About Euronet Worldwide, Inc. (EEFT)
