BofA Securities Upgrades PagSeguro (PAGS) to Buy

BofA Securities analyst Mario Pierry upgraded PagSeguro (NYSE: PAGS) from Neutral to Buy with a price target of $13.00 (from $10.00).

The analyst comments "Management announced an updated strategic plan, where it provided gross profit CAGR guidance of >10% and EPS CAGR of >16% through ‘29. In addition, mgmt. announced a cash dividend of at least R$1.4bn in ‘26 (8% yield), as well as an increased commitment to distribute excess capital to shareholders (targeting a BIS ratio of 18-22% vs 29.6% currently). The R$1.1bn buyback program launched in May (6% yield) was maintained."

For an analyst ratings summary and ratings history on PagSeguro click here. For more ratings news on PagSeguro click here.

Shares of PagSeguro closed at $10.64 yesterday.

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