Bell Potter dropped the price target on Smartpay Holdings to 25¢ from 30¢ and kept a "buy" recommendation on the stock after a trading update at its AGM.
Smartpay is the leading provider of EFTPOS terminals for rental in New Zealand and is a relatively new entrant in the market in Australia.
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Elise Shaw writes on Markets specialising in Equity Markets, Commodities, Mining. Based in our Sydney newsroom, Elise has over 25 years experience as a finance and markets journalist and editor. Connect with Elise on Twitter.
