Truist analyst Andrew Jeffrey raised the firm’s price target on Global Payments to $145 from $135 and keeps a Buy rating on the shares after its Q4 results. The company is expected to restructure its business and potentially entertain a merger with a larger e-Commerce / Omni processor as it adapts to a shifting payments industry, the analyst tells investors in a research note. The firm added that while Global Payments is better insulated from Digital Native competition vs. Legacy peers, it has also been challenged to accelerate Merchant organic revenue growth.
Published first on TheFly
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