RBC Capital upgraded Xero Limited (XROLF) to Outperform from Sector Perform with a price target of A$155, down from A$170. The firm sees an attractive risk/reward following the recent selloff with a potential catalyst in the Melio product demonstration next week.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XROLF:
- Xero Releases 1.26 Million Melio Acquisition Shares From Escrow
- Xero Issues New Shares to Finalise Melio Acquisition
- Xero Seeks ASX Quotation for Additional 49,032 Ordinary Shares
- Xero and Melio Announce Virtual Product Demonstration Session
- Xero Limited Expands Capital Base with New Securities Quotation