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Fly News Breaks for January 8, 2016
GPN
Jan 8, 2016 | 06:38 EDT
SunTrust analyst Andrew Jeffrey upgraded Global Payments (GPN) to Buy and increased his price target to $75 from $70. Jeffrey said the strategic benefits and earnings accretion from the Heartland Payment (HPY) acquisition meaningfully improves Global's competitive position and supports higher long-term EBTDA margin and revenue diversification. The analyst views risk/reward in shares as compelling and said the core business is poised for strong performance.
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