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Fly News Breaks for May 3, 2019
GPN
May 3, 2019 | 07:25 EDT
SunTrust analyst Andrew Jeffrey raised his price target on Global Payments to $175 and kept his Buy rating after its Q1 earnings beat and raised FY19 guidance, saying the company's profile as a "hybrid of legacy processor and next-gen software provider" in payments is more durable and less cyclical. Jeffrey is also positive on Global Payments taking aim at the hospitality vertical by targeting restaurants and believes that its improving sales mix will offer flexibility for greater internal investment and M&A.
News For GPN From the Last 2 Days
