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Fly News Breaks for May 30, 2019
TSS, GPN
May 30, 2019 | 08:39 EDT
Baird analyst David Koning designated Global Payments (GPN) as a Fresh Pick as he sees its merger with TSYS (TSS) as accretive. The analyst said the financial tech sector is a sector where scale deals work and he believes the shares could be around $190 by the end of 2020. He sees the potential for accretive M&A/buybacks, lower debt rates, and higher synergies. Koning reiterated his Outperform rating and raised his price target to $174 from $160 on Global Payment shares.
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