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Fly News Breaks for December 21, 2018
GPN
Dec 21, 2018 | 06:10 EDT
Piper Jaffray analyst Jason Deleeuw lowered his price target for Global Payments to $141 from $155 while maintaining an Overweight rating on the shares. The analyst reduced his fiscal 2019 and 2020 revenue forecasts by 1% to reflect slower consumer spending and payment volume growth amid a "cloudier U.S. and global macro outlook." Deleeuw, however, continues to see Global Payments as one of the better strategically positioned merchant processors given its integrated payments focus on point-of-sale software.
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