Stephens analyst Charles Nabhan raised the firm’s price target on Global Payments to $145 from $135 and keeps an Overweight rating on the shares after the company reported “solid” Q2 results and gave incremental granularity around the Merchant portfolio. Despite an 8% post-earnings advance, the firm still sees value in shares, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on GPN:
- Early notable gainers among liquid option names on August 1st
- Global Payments raises FY23 EPS view to $10.35-$10.44 from $10.32-$10.44
- Global Payments reports Q2 adjusted EPS $2.62, consensus $2.58
- GPN Earnings this Week: How Will it Perform?
- Fiserv price target raised to $130 from $120 at Jefferies