Benchmark lowered the firm’s price target on Repay Holdings (RPAY) to $8 from $12 and keeps a Buy rating on the shares. Repay, which has already undertaken a comprehensive strategic review aimed at assessing alternatives to enhance shareholder value, added to its “to-do” list on Friday after the market close when it announced that CFO Tim Murphy would be stepping down on May 15 to pursue another opportunity, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RPAY:
- Repay Holdings CFO Timothy Murphy Resigns
- Repay Holdings CFO Tim Murphy to step down, Thomas Sullivan interim CFO
- Repay Holdings price target lowered to $6 from $9 at Barclays
- Repay Holdings price target lowered to $6.50 from $8 at Keefe Bruyette
- Repay Holdings price target lowered to $9 from $11 at Barclays