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Fly News Breaks for June 18, 2018
GPN
Jun 18, 2018 | 05:09 EDT
Goldman Sachs analyst James Schneider downgraded Global Payments to Neutral with an unchanged price target of $125. The stock closed Friday down 24c to $117.50. The company's software-led payments strategy, along with accretive acquisitions, should allow for continued "best-in-class growth," Schneider tells investors in a research note. However, he now sees fewer near-term catalysts for shares of Global Payments and expects only modest upside to Street estimates in 2018. As such, the analyst views the stock's current valuation as fair.
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