Morgan Stanley analyst James Faucette upgraded Evertec (EVTC) to Equal Weight from Underweight with a price target of $35, up from $33. The firm thinks the company’s setup has improved given its diversification into Latin American and stabilizing Puerto Rico trends. Evertec’s current valuation is fair and prices in potential downside from macro and currency headwinds as well as Sinqia integration pressure, the analyst tells investors in a research note.
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Read More on EVTC:
- EVERTEC Reports Strong Q3 2024 Results and Acquisition
- Evertec reports Q3 EPS 86c, consensus 73c
- Evertec sees FY24 EPS $3.08-$3.15, consensus $3.03
- EVTC Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Evertec Announces Quarterly Cash Dividend
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
