BTIG raised the firm’s price target on Global Payments to $150 from $135 and keeps a Buy rating on the shares ahead of the Q4 report. The stock has recently passed the prior price target, the analyst tells investors in a research note. The firm thinks Global Payments presents investors with an attractive risk/reward and sees relatively limited risk to its fiscal 2024 guidance because of the company’s 50/50 mix of non-discretionary and discretionary payment volumes.
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