Oppenheimer analyst Rayna Kumar downgraded Global Payments to Perform from Outperform after assuming coverage of the name. Following the investor day, Oppenheimer remains on the sidelines pending further proof points of revenue growth acceleration beyond the 2025 “transition” year. Despite the recent stock pullback, the firm remains cautious on Global Payments, particularly as the acquiring industry remains “intensely competitive,” the analyst tells investors in a research note.
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