Wedbush analyst Moshe Katri raised the firm’s price target on Global Payments to $160 from $130 and keeps an Outperform rating on the shares. The firm continues to be impressed by the company’s well diversified merchant portfolio, its pioneer, software-led monetization strategy, hypergrowth, integrated payment solutions, as well as defensive/recurring Issuer Solutions segment. Bottom line, Global Payments remains one of Wedbush’s top payments picks for 2024.
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