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Fly News Breaks for March 22, 2016
HPY, GPN
Mar 22, 2016 | 08:00 EDT
Baird believes the risk/reward for Global Payments (GPN) is balanced heading into Q3 results. The firm thinks earnings and revenue guidance is biased toward the lower end of the range, but they believe there are longer term benefits from its accretive deal with Heartland Payments (HPY) and solid secular trends in the omni-channel payments segment. Baird reiterated its Outperform rating and $74 price target on Global Payments shares.
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