UPDATE: BMO Capital Starts Global Payments (GPN) at Outperform

BMO Capital initiated coverage on Global Payments (NYSE: GPN) with an Outperform rating and a price target of $86.00.

Analyst Paulo Ribeiro commented, "We are initiating coverage of Global Payments with an Outperform rating and $86 target price. Global Payments has an impressive set of assets: a global footprint, a strong presence in higher-growth channels such as integrated solutions and omni-channel, and strong cash flow generation. We find the shares attractively valued relative to peers and historical valuation averages given the company's organic growth profile and strong cash flow."

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 $73.13 yesterday.

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