Greenridge lowered the firm’s price target on MoneyHero (MNY) to $3 from $4 and keeps a Buy rating on the shares. Ahead of MoneyHero reporting Q3 results before the open on Friday, December 5, the firm updated its model to show slower growth in the credit card segment. However, the firm no longer expects management to focus strictly on topline growth through this lower margin area, but on growing its higher margin, higher growth potential segments, the analyst tells investors in a preview.
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