Paysign price target lowered to $19 from $21 at RBC Capital

RBC Capital lowered the firm’s price target on Paysign (PAYS) to $19 from $21 and keeps a Sector Perform rating on the shares ahead of its Q4 results on March 25. The company continues to make improvements cleaning up its overall merchant portfolio while completing the sale of its direct marketing business, which creates some “optical noise” in the model, but Paysign’s underlying organic growth illustrates the transformation is beginning to take hold, the analyst tells investors in a research note. The management has also confirmed it has received unsolicited takeover interest and the Board is reviewing all possible proposals, the firm adds.