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.
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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