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Fly News Breaks for January 6, 2020
GPN
Jan 6, 2020 | 08:51 EDT
Raymond James analyst John Davis upgraded Global Payments to Outperform from Market Perform with a $210 price target. In a research note to investors, Davis says he believes the company's balance sheet flexibility coupled with management's "impeccable" capital allocation track record will likely result in significant upside to current Street numbers in 2021+. While the stock isn't cheap, Davis says he believes the multiple is justified as he is modeling 20%+ EPS growth for the next several years and 2021 EPS could be as much as $10.