KBC Securities - ADYEN (ADYEN NA) ... ADYEN - KBC Securities Company Note 10-12-2018 - INITIATING - It pays off to be the best ADYEN NA

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KBC Securities

Thomas Couvreur

ADYEN - KBC Securities Company Note 10-12-2018 - INITIATING - It pays off to be the best ADYEN NA

We consider Adyen the best in class provider in a high growth industry and believe it is ideally positioned to outperform. Taking into account the unique profile we set our target price at â‚¬ 555. Given the 23% upside we initiate with a Buy recommendation.

10/12/2018 46 EN

Underlyings

ADYEN

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ADYEN NV

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Provider

KBC Securities

We are a financial services provider for several types of professional clients, each with distinct needs.

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Analysts

Thomas Couvreur

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ADYEN - KBC Securities Company Note 10-12-2018 - INITIATING - It pays off to be the best ADYEN NA

We are a financial services provider for several types of professional clients, each with distinct needs.

Morning Note: ADYEN NA

ADYEN: Prudence warranted from sector trends headwinds ADYEN NA

ADYEN (BUY, TP EUR2,900) | eBay acquires 1.25% of Adyen by exercising the first tranche of its warrants

DEME Model updated after acquiring of Havfram for € 900m

Autolus Aucatzyl secures UK MHRA approval in r/r adult ALL, all eyes on 1Q25

Morning Notes : AKZA NA, ARGX BB, TWEKA NA, DEME BB, AUTL US, MRUS US

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