Raymond James Elevates Paymentus to Strong Buy, Cites Valuation Opportunity
Raymond James upgraded Paymentus Holdings (PAY) from Outperform to Strong Buy while trimming its price target to $35 from $41. The firm added the company to its Analyst Current Favorites list, noting recent share-price weakness and potential upside to contribution profit and adjusted EBITDA. Freedom Capital Markets also initiated coverage with a Bu…