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Fly News Breaks for May 10, 2019
GPN
May 10, 2019 | 07:13 EDT
Nomura Instinet analyst Dan Dolev raised his price target for Global Payments to $105 from $94 following the company's Q1 results but keeps a Reduce rating on the shares. At face value, Global Payments' organic growth in North America accelerated, Dolev tells investors in a research note. However, the analyst says he's at odds with the "puzzling discrepancy between dull network fees growth (+3%) and faster core sales growth (+9%)."
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