Global Payments price target raised to $95 from $93 at RBC Capital

RBC Capital raised the firm’s price target on Global Payments (GPN) to $95 from $93 and keeps a Sector Perform rating on the shares. The company reported solid results and reiterated guidance, but more importantly showed significant progress in its two big strategic pillars – Genius, which showed strong traction with significant improvements to new location sales, deal sizes, and recurring revenue, and its Worldpay acquisition, which is now expected to close in Q1, the analyst tells investors in a research note.