The Tyro share price is in recovery mode after its terminal debacle earlier this year. Morgan Stanley has been paying attention to the volume of downloads for the company’s mobile app, which is recovering to levels before the terminal outage. The broker thinks that weekly app downloads are a useful indicator about Tyro’s merchant acquisitions, market share and penetration rate.
The broker sees the recovery as a positive, rating the company as overweight with a $4.10 target price. Tyro shares are currently swapping hands for $3.23 apiece.
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