Susquehanna upgraded Evertec (EVTC) to Neutral from Negative with a price target of $30, up from $28. The company has been proactive managing other costs to offset dilution from Popular transaction, the analyst tells investors in a research note. The firm says management “sounded steadfast in its goal” of driving more efficiency in the business to offset incoming profitability headwinds. Susquehanna cites Evertec’s ability to “weather the pressures” for the upgrade to Neutral.
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Read More on EVTC:
- Evertec’s Strong Financial Performance and Strategic Acquisitions Justify Buy Rating
- Evertec upgraded to Neutral from Negative at Susquehanna
- EVERTEC, Inc. Reports Strong 2024 Financial Results
- Evertec reports Q4 adjusted EPS 87c, consensus 72c
- Evertec sees FY25 adjusted EPS $3.34-$3.45, consensus $3.25
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