Global Payments price target lowered to $145 from $160 at Barclays

Barclays lowered the firm’s price target on Global Payments to $145 from $160 and keeps an Overweight rating on the shares. In Q1, the company reported in-line revenue and an earnings beat while reaffirming fiscal 2024 guidance, the analyst tells investors in a research note. The firm views the post-earnings pullback in shares as unjustified relative to the “stable” Q1 performance, and continues to believe Global Payments is one of the “more dislocated names” in its coverage.