BMO Capital analyst James Fotheringham raised the firm’s price target on Global Payments to $211 from $208 and keeps an Outperform rating on the shares. The company’s Q2 results were “better than feared” as many investors were anticipating softer organic growth in merchant solutions, the analyst tells investors in a research note. BMO adds that Global Payments’ organic revenue growth continues to demonstrate consistency despite macro headwinds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on GPN:
- Global Payments price target raised to $135 from $120 at Credit Suisse
- Global Payments price target raised to $123 from $100 at Mizuho
- Global Payments price target raised to $146 from $137 at Citi
- Global Payments price target raised to $145 from $135 at Stephens
- Early notable gainers among liquid option names on August 1st
