Stephens lowered the firm’s price target on Global Payments to $130 from $145 and keeps an Overweight rating on the shares. Results were “solid” in Q2 and the firm views the September investor day as an upcoming catalyst given an investor focus on the positioning of Merchant businesses and building blocks for growth. The firm lowered its FY25 EPS estimate to $13.17 from $13.22 coming out of the quarter.
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