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Fly News Breaks for September 19, 2019
GPN
Sep 19, 2019 | 08:22 EDT
Baird analyst David Koning noted Global Payments closed its acquisition of TSYS following EU approvals yesterday. The analyst said with the completion of the acquisition he likes the stock "a lot" as he sees 20%+ growth attributed to the deal, cost synergies that are roughly 7% of TSS revenue, and the company could get to accretive actions quickly. Koning reiterated his Outperform rating and $203 price target on Global Payment shares.
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