Susquehanna lowered the firm’s price target on Paysafe (PSFE) to $15 from $17 and keeps a Neutral rating on the shares. The firm noted the company’s divestiture announcement last quarter and said approximately 50% of revenue growth is due to new products, and the sales force metrics have improved materially. The company has demonstrated good execution but is still a “show-me” story but the target was reduced due to estimate revisions and peer group multiple compression.
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