Deutsche Bank Starts Global Payments (GPN) at Buy; International Push Should Help Margins

October 6, 2011 6:39 PM EDT
Get Alerts GPN Hot Sheet
Price: $90.38 -2.87%

Rating Summary:
    23 Buy, 24 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 12 | Down: 23 | New: 22
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Deutsche Bank initiates coverage on Global Payments (NYSE: GPN) with a Buy. PT $53.00.

Deutsche analyst says, "A global leader in merchant acquiring, GPN is focused on growing its international business which is positively influencing margins. Offsetting any potential economic weakness, GPN is taking significant market share and benefiting from the strong secular movement towards electronic payment. As a result, we believe GPN can deliver strong double-digit organic growth rates along with overall operating margin expansion in FY12."

For more ratings news on Global Payments click here and for the rating history of Global Payments click here.

Shares of Global Payments closed at $41.09 yesterday.


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