Jefferies Maintains a 'Buy' on Global Payments (GPN); Cost of the Breach

Jefferies maintains a 'Buy' on Global Payments (NYSE: GPN) price target of $52.00.

Analyst, Jason Kupferber, says the cost on the company will depend on how big the breach is, and reminded investors that the 2009 breach cost Heartland Payments (NYSE: HPY) approx. $150 million.

NOTE - shares of GPN are currently halted, and were down about 9% earlier in the session.

For an analyst ratings summary and ratings history on Global Payments click here. For more ratings news on Global Payments click here.

Shares of Global Payments closed at $52.23 yesterday.

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