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Paysafe price target lowered to $10 from $11 at BTIG

BTIG analyst Andrew Harte lowered the firm’s price target on Paysafe (PSFE) to $10 from $11 and keeps a Buy rating on the shares. The firm says the company’s Q4 results were mixed as the Digital Wallet segment beat revenue expectations while the Merchant Solutions segment missed. BTIG does not expect Paysafe to accelerate growth towards high-single-digit over the medium-term, but sees upside in the shares over the next year from leverage reduction.

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