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BofA trims Global Payments price target, says shares ‘oversold’

BofA lowered the firm’s price target on Global Payments (GPN) to $149 from $156 and keeps a Buy rating on the shares. The numbers for FY25 are “messy as expected,” but given low expectations and a generally in-line set of results and guidance, the firm believes shares “deserve a better reaction than the about 4% intraday decline,” the analyst tells investors in a post-earnings note.

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