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Fly News Breaks for June 1, 2017
GPN
Jun 1, 2017 | 07:27 EDT
Stifel analyst John Davis resumed coverage of Global Payments with a $102 price target and a Buy rating. The analyst expects the company to benefit from double-digit organic revenue growth and expanding margins "well into 2018." He thinks that acquisition synergies from its takeover of Heartland Payments will enable Global Payment's revenue to beat the consensus outlook, and predicts that its margins will also surpass expectations.