Global Payments price target raised to $186 from $180 at B. Riley

B. Riley raised the firm’s price target on Global Payments to $186 from $180 and keeps a Buy rating on the shares ahead of the Q4 report on February 14. The analyst thinks the stock’s multiple contraction has been unwarranted due to the company’s consistent earnings growth, strong track record of hitting or surpassing guidance, and margin expansion. Despite years of high quality, double-digit earnings compounding, rising margins, and “stellar” returns on operating capital, Global Payments has undergone a substantial multiple contraction since 2019, the analyst tells investors in a research note. The firm sees significant upside in the shares.