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Fly News Breaks for January 13, 2020
TSS, GPN
Jan 13, 2020 | 07:34 EDT
Wedbush analyst Moshe Katri raised his price target for Global Payments (GPN) to $218 from $185 as he expects "strong" core results this year, elevated revenue/cost synergy targets from the TSYS (TSS) transaction, and further improvements in TSYS' core business, including prepaid and merchants as well as further margin expansion opportunities from an expanding mix of software/ancillary products. As a standalone, this is "the most successful merchant processor to date," he contends. The analyst has an Outperform rating on the shares.
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