VersaBank Initiated as Buy $18TP by StifelVersaBank initiated with a Buy at Stifel Stifel analyst Cihan Tuncay initiated coverage of VersaBank with a Buy rating and C$18 price target. The "fully digital bank" provides funding for Canada's leading technology based point-of-sale consumer finance platforms, said Tuncay, who said his positive outlook is "rooted in robust digital POS finance growth, as a function of increased e-commerce activity," as well as VersaBank's potential to enter new POS verticals.
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