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CLSA Says Buy The Dip In Blackhawk Network
Wednesday, September 21, 2016 - 1:36pm | 238Read More...CLSA upgraded Blackhawk Network Holdings Inc (NASDAQ: HAWK) to Outperform from Underperform and raised the price target by $2 to $36 on the recent pullback in shares, which fell about 7 percent in the last month. "While we don't fundamentally view the business differently than we have...
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PayPal Soon To Face A Horde Of Competitors In P2P Payments
Thursday, September 15, 2016 - 10:06am | 317Read More...Paypal Holdings Inc (NASDAQ: PYPL) would likely continue to witness intensifying competition, and this is expected to exert pressure on margins, CLSA’s Tom McCrohan said in a report. He maintained an Underperform rating on the company, with a price target of $38. Competition Heating Up...
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PayPal Doesn't Deserve A Multiple Higher Than Visa, Mastercard
Wednesday, June 29, 2016 - 10:11am | 371Read More...Wells Fargo announced this week that starting August 1, it would offer real-time, mobile P2P services to its mobile banking users, joining Bank of America, JPMorgan and US Bank in working with the clearXchange network. The renewed P2P push by large banks is “a likely indication that overall...
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Square Has Lost 52% Of Value In Past Year
Thursday, November 19, 2015 - 12:00pm | 295Read More...Shares of Square (NYSE: SQ) started trading on Thursday at $9 per share. CLSA’s Tom McCrohan said that the IPO valuation is 52 percent below Square’s private equity valuation from fall 2014. Square’s share price of $9 was below the previously announced range of $11-$13...
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Playing The Payment Processor Space? Here's One Strategy To Use
Sunday, May 24, 2015 - 4:37pm | 537Read More...This week, one Wall Street analyst specified his positions on the top payment processor companies. Bulls Here are the stocks CLSA decided to upgrade or remain at a Buy rating. Heartland Payment Systems (NYSE: HPY): CLSA Investment Banks analyst Tom McCrohan has rated Heartland a buy...
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MasterCard Raises Quarterly Dividend by 83%, But Some Analysts Say Hold On
Thursday, December 12, 2013 - 3:55pm | 261Read More...MasterCard (NYSE: MA) seems to get better and better. The credit card company announced an 83 percent increase its in quarterly dividend, a 10-for-1 stock split and a $3.5 billion share repurchase program last week. Despite all the good news, there are some analysts who don't think MasterCard is a...
