Citi adds ‘positive catalyst watch’ on Global Payments into earnings

Citi analyst Andrew Schmidt added a “90-day positive catalyst watch” on shares of Global Payments while keeping a Buy rating on the name with a $145 price target. The stock’s current valuation “seems overly pessimistic in terms of growth discount,” the analyst tells investors in a research note. The firm says a “relief rally is possible with the right results, clarity, and messaging.”