Seaport Research lowered the firm’s price target on Global Payments to $145 from $150 and keeps a Buy rating on the shares. The company reported strong Q1 results, with both EPS and revenue beating consensus, the analyst tells investors. However, FX created an incremental $20M revenue headwind in Q2, the firm adds. While the near-term stock selloff “makes sense” due to the update about FX, the firm believes the long-term story remains intact,
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Read More on GPN:
- Global Payments backs FY24 adjusted EPS view $11.54-$11.70, consensus $11.59
- Global Payments reports Q1 adjusted EPS $2.59, consensus $2.57
- Notable companies reporting before tomorrow’s open
- GPN Earnings this Week: How Will it Perform?
- Global Payments price target lowered to $160 from $170 at Barclays
