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Wirecard Has 'Limited Rationale For Multiple Expansion,' Guggenheim Says In Downgrade
Monday, April 29, 2019 - 11:56am | 394Guggenheim Securities is lowering its revenue, EBITDA and EPS estimates for Wirecard (OTC: WRCDF) after the card processor's fourth-quarter print. The Analyst Jeff Cantwell downgraded Wirecard from Neutral to Sell with a 110-euro ($122.81) price target. The Thesis "We...
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Sell-Side Hikes PayPal Price Targets, Likes Venmo Growth
Thursday, April 25, 2019 - 3:09pm | 627Wall Street liked Paypal Holdings, Inc. (NASDAQ: PYPL)’s quarterly print, as investors boosted the payment company’s stock to a new 52-week high Thursday and sell-side analysts praised continuing growth in mobile payment platform Venmo. PayPal’s latest quarterly results were...
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American Express Analyst Finds Positives, Negatives In Q1 Print
Monday, April 22, 2019 - 4:32pm | 449Global payments company American Express Company (NYSE: AXP) reported mixed first-quarter results Thursday, according to Guggenheim. The Analyst Jeff Cantwell maintains a Neutral rating on American Express. The Thesis American Express' first quarter shows the company...
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Analyst: Apple's New Credit Card Bodes Well For Green Dot
Tuesday, March 26, 2019 - 10:11am | 474Apple Inc. (NASDAQ: AAPL) announced Monday it will launch its own branded credit card called Apple Card and this should be viewed as a positive for Green Dot Corporation (NYSE: GDOT), according to Guggenheim. The Analyst Guggenheim Partners' Jeff Cantwell maintains a Buy rating on Green Dot...
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Is 2019 The Year Of Payment Processing Mergers?
Thursday, March 21, 2019 - 5:36pm | 680Fidelity National Information Servcs Inc (NYSE: FIS) this week announced a massive $34-billion buyout of e-commerce and payments company Worldpay, Inc. (NYSE: WP). The payment deal isn’t the first M&A announcement in the sector his year, and momentum could be growing for a major wave of...
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American Express Impresses Analysts With International, Digital Strategies
Thursday, March 14, 2019 - 9:39am | 513American Express Company (NYSE: AXP) is up 17 percent year to date, and its optimism for a strong 2019 certainly made an impression at this week’s Investor Day. The Ratings Guggenheim analyst Jeff Cantwell maintained a Neutral rating on the stock, while Wells Fargo analyst Donald Fandetti...
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Guggenheim Downgrades Worldpay After Strong Rally
Monday, March 4, 2019 - 11:12am | 364Shares of Worldpay Inc (NYSE: WP) have appreciated around 28 percent since the beginning of the year versus an 11-percent increase in S&P. The good news related to results and projections are now reflected in the share price, according to Guggenheim. The Analyst Guggenheim’s Jeff Cantwell...
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The Street Debates If Investors Should Buy The Dip In Square
Thursday, February 28, 2019 - 12:55pm | 658Square Inc (NYSE: SQ) reported a top- and bottom-line beat in its fourth-quarter results but investors found fault with certain metrics in the quarter and management's cautious guidance. Here is a summary of how some of the Street's top analysts reacted to the print and guidance. Bloomberg...
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Guggenheim Is Warming Up To The PagSeguro Story
Tuesday, February 26, 2019 - 1:05pm | 306Brazilian payments company PagSeguro Digital Ltd (NYSE: PAGS) indicated its intention to continue focusing on growing its merchant base and increasing merchant engagement and retention during its fourth-quarter earnings call. The company has a strong product suite to support these...
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Guggenheim: Stripe, Amazon Pay Present Growing Challenge To PayPal
Monday, February 25, 2019 - 3:30pm | 483Stripe is a private company that offers merchants the ability to accept credit, debit and other payment methods on their online stores. The company is reportedly worth $20 billion based on a recent round of financing — and a growing competitor to Paypal Holdings Inc (NASDAQ:...
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Guggenheim Sees Balanced Risk-Reward For Global Payments After Robust Q4
Wednesday, February 20, 2019 - 12:10pm | 367Global Payments Inc (NYSE: GPN) posted healthy fourth-quarter results Feb. 13, with revenue and adjusted EPS falling in line with expectations. Management gave positive commentary on SICOM/Xenial, highlighting momentum in the quick service restaurant space and upbeat independent software...
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Wirecard Investigation Sends Guggenheim To Sidelines
Tuesday, February 12, 2019 - 2:17pm | 355Shares of German payments company Wirecard (OTC: WRCDF) are likely to come under pressure from external investigations after the Financial Times published reports alleging fraud and accounting malpractice, according to Guggenheim. The Analyst Guggenheim’s Jeff Cantwell downgraded ...
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Western Union Faces Macro Headwinds, Guggenheim Says After Q4 Print
Monday, February 11, 2019 - 11:05am | 406The 2019 guidance announced Thursday by The Western Union Company (NYSE: WU) reflects a tough operating environment. Although the company’s digital initiatives will generate revenue growth in the longer term, macro-related headwinds are likely to exert pressure on revenue growth in ...
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Guggenheim Downgrades PayPal On Likely Headwinds From Brexit, Payments Competition
Wednesday, February 6, 2019 - 11:33am | 402PayPal Holdings Inc (NASDAQ: PYPL) is likely to witness near-term pressure on its payment volume growth due to Brexit, medium-term headwinds from eBay Inc (NASDAQ: EBAY) and intensifying competition, according to Guggenheim. The Analyst Guggenheim’s Jeff Cantwell downgrades PayPal from...
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Analysts React After American Express Rings Up Q4 EPS, Sales Miss
Friday, January 18, 2019 - 12:27pm | 638American Express Company (NYSE: AXP) reported Thursday with a fourth-quarter top-and-bottom-line miss. The credit card issuer guided to a better-than-expected revenue growth outlook for 2019, mostly due to a "reasonably strong" consumer. Here's how the Street reacted to...