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Fly News Breaks for December 16, 2015
HPY, GPN
Dec 16, 2015 | 08:41 EDT
Baird raised its price target on Global Payments (GPN) to $78 from $70 following its announcement of a deal to acquire Heartland Payment (HPY). The firm sees the acquisition as accretive to cash earnings and having less overlap and channel conflict than originally thought. Baird reiterated its Outperform rating on Global Payments shares.
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