Stifel Raises Price Target on Global Payments (GPN) to $76 Following 1Q Report
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Global Payments Reports First Quarter Earnings and Increases Fiscal 2017 Outlook
October 5, 2016 6:58 AM EDTATLANTA--(BUSINESS WIRE)-- Global Payments Inc. (NYSE: GPN) today announced results for its fiscal first quarter ended August 31, 2016.
Our fiscal 2017 is off to a terrific start, with organic growth accelerating sequentially across our key markets in the first quarter, said Jeff Sloan, Chief Executive Officer. Heartland continued its strong growth momentum in the United States. Our businesses in Europe performed exceptionally well, and our Asia business produced its highest rate of organic revenue growth in several quarters. Sloan concluded, We also could not be more pleased with our Heartland integration efforts, which continue to track ahead of our... More
