Paynova: A Lot to Prove with High Expectations - Redeye

Redeye updates its estimates, rating, and fair value range to reflect the new financial and operational goals, the fourth-quarter report, and management changes. In conjunction with the fourth-quarter report, Paynova presented very ambitious goals, both financially and operationally. We have updated our estimates to reflect the trajectory in the goals; however, the company has a lot to prove before we believe that the company will reach its goals within the set time plan.

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