Global Payments (GPN) PT Raised to $182 at Baird, New Bullish Fresh Pick

Baird analyst David Koning raised the price target on Global Payments (NYSE: GPN) to $182.00 (from $172.00) while maintaining a Outperform rating.

The analyst comments "We are designating as a bullish fresh pick into heavily negative sentiment; we believe GPN is maintaining share overall and expect Q1 results in line/slightly above. We were at an ISO conference last week, and heard no comments about GPN losing share. We think the ytd underperformance (worst of our eight established fintech stocks) could reverse with solid Q1 results, accelerating EPS growth back toward mid-teens (after Netspend divestiture anniversary in early Q2), improving leverage, and reduced non-GAAP expense add-backs in 2024."

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