Global Payments price target raised to $155 from $135 at KeyBanc

KeyBanc raised the firm’s price target on Global Payments to $155 from $135 and keeps an Overweight rating on the shares. Performance across the firm’s coverage universe was mixed in 2023 with relatively downbeat sentiment keeping stock performance in check through much of the year, and while it’s a bit early to call for a “sentiment reversal,” the group participated in broader improved 4Q23 performance, the analyst tells investors in a research note. The firm sees valuation and support and estimate upside for global payments.