Global Payments (GPN) PT Raised to $79 at Instinet
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Price: $93.23 +1.03%
Rating Summary:
23 Buy, 24 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
23 Buy, 24 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Instinet raised its price target on Global Payments (NYSE: GPN) to $79.00 (from $70.00) while maintaining a Reduce rating. GPN reported strong 1Q results, marked by double digit organic growth at Heartland and strong NA margin.
Management attributed the acceleration in organic growth to the strength in its “integrated and vertical markets,” citing “solid execution,” and an increase of 147 net salespeople with many reps “outperforming their goals.”
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