UPDATE: RBC Capital Upgrades Points International Ltd. (PCOM) to Outperform

May 13, 2021 6:18 AM EDT
Get Alerts PCOM Hot Sheet
Price: $17.03 +0.65%

Rating Summary:
    2 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 0 | New: 25
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(Updated - May 13, 2021 6:19 AM EDT)

RBC Capital analyst Drew McReynolds upgraded Points International Ltd. (NASDAQ: PCOM) from Sector Perform to Outperform with a price target of $20.00 (from $16.00).

The analyst comments "Q1/21 results were slightly ahead of forecast and represent a solid sequential improvement over a seasonally strong Q4/20. Reflecting a modest upward revision to our revenue and margin recovery trajectory through 2025E, our target price increases from US$16 to US$20 and we are upgrading the stock from Sector Perform to Outperform.|

For an analyst ratings summary and ratings history on Points International Ltd. click here. For more ratings news on Points International Ltd. click here.

Shares of Points International Ltd. closed at $15.99 yesterday.

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