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deutsche bank lowers wag payment solutions target but maintains buy rating

Deutsche Bank has lowered its price target for WAG Payment Solutions PLC to GBP0.90 from GBP1.05 while maintaining a Buy rating. The company reported a 14% increase in net revenues and a 12% rise in adjusted EBITDA for 2024, alongside a special dividend proposal of 3p per share, totaling around £25 million. Despite ongoing investments, WAG improved its net debt to EBITDA ratio from 2.9 to 2.3 times, reflecting strong cash generation.
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