Citi analyst Ashwin Shirvaikar resumed coverage of Global Payments with a Buy rating and $136 price target. The company has "evolved considerably" in the past 12 months as the EVO Payments acquisition broadens its geographic reach and functional capabilities while the sale of its gaming business and Netspend Consumer divestiture improve its focus, the analyst tells investors in a research note. The firm views the new Global Payments as well-balanced and finds the stock currently attractively valued.
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