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Fly News Breaks for June 22, 2017
GPN
Jun 22, 2017 | 08:38 EDT
Baird analyst David Koning updated his model on Global Payments to reflect mild adjustments to timing and FX but he left his overall full-year estimates intact. He continues to view the risk/reward as quite attractive and called it a great play on worldwide card trends and the only acquirer with both high single digit organic revenue growth and good margin expansion opportunity over the next few years. Koning reiterated his Outperform rating and $98 rice target on Global Payments shares.
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