Benchmark Lowers Payoneer Global's Price Target to $7 From $10 Amid Focus on Declining Interest Income

Benchmark cut Payoneer Global's (PAYO) price target to $7 from $10, maintaining a Buy rating. The firm believes investors are focusing on declining interest income on the company's platform, overshadowing strengthening operating fundamentals and strategic initiatives. Despite this, PAYO has seen its price languish near multi-year lows despite growing steadily and expanding its role in the global payments sector.