Jefferies Upgrades Global Payments (GPN) to Buy
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Price: $93.05 -1.88%
Rating Summary:
23 Buy, 24 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
23 Buy, 24 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Jefferies upgraded Global Payments (NYSE: GPN) to Buy with a price target of $50.00.
The firm cited, "1) potential benefit from Durbin regulations, 2) robust recent payment volume metrics from MA, DFS, and First Data (should help GPN's F1Q on 10/4), 3) compelling valuation following recent underperformance in shares, and 4) continued solid international growth prospects."
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 $40.39 yesterday.
The firm cited, "1) potential benefit from Durbin regulations, 2) robust recent payment volume metrics from MA, DFS, and First Data (should help GPN's F1Q on 10/4), 3) compelling valuation following recent underperformance in shares, and 4) continued solid international growth prospects."
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 $40.39 yesterday.
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