B. Riley lowered the firm’s price target on Global Payments to $194 from $204 and keeps a Buy rating on the shares following the investor day. he meeting highlighted both the challenges and opportunities at Global Payments, the analyst tells investors in a research note. The firm says the company is undergoing an operational transformation to improve overall performance, growth, and margins while keeping its commitment to double-digit earnings growth over the next three years.
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Read More on GPN:
- Global Payments price target lowered to $122 from $126 at BMO Capital
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- Global Payments downgraded to Neutral from Buy at Seaport Research
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- Global Payments downgraded to Market Perform from Outperform at William Blair