Raymond James analyst John Davis raised the firm’s price target on Global Payments (GPN) to $105 from $100 and keeps an Outperform rating on the shares following largely in-line Q3 results that featured modest revenue upside and adj EPS that matched consensus. The firm was encouraged by solid underlying Merchant trends despite a choppy macro backdrop, and the Genius rollout continues to gain traction with several more geographies on the way.
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