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Fly News Breaks for March 26, 2018
GPN
Mar 26, 2018 | 07:39 EDT
Nomura Instinet analyst Dan Dolev believes the Nilson Report's annual list of top U.S. Merchant Acquirers could indicate that Global Payments is losing merchants. He sees a "potential dissonance" between management's assertion of low-double-digit direct organic growth in the U.S. and "industry low attrition," versus the 3% decline in merchant count and "lackluster" 3% transaction growth per Nilson. Dolev keeps a Reduce rating on Global Payments with a $92 price target.
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