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Fly News Breaks for April 2, 2018
GPN
Apr 2, 2018 | 07:55 EDT
Baird analyst David Koning believes Global Payments can continue to grind higher toward $130 per share by the end of 2018, but would not be surprised to see the shares hang in the $110-$114 range into earnings. The analyst believes the stock's current valuation provides a good entry point for long-term investors and he expects solid quarterly results when the company reports in early May. Koning reiterated his Outperform rating and raised his price target on Global Payments to $130 from $126.
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