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GPN

Global Payments

$172.38

3.17 (1.87%)

, V

Visa

$180.90

1.95 (1.09%)

07:58
11/04/19
11/04
07:58
11/04/19
07:58

Global Payments price target raised to $186 from $162 at BMO Capital

BMO Capital analyst James Fotheringham raised his price target on Global Payments (GPN) to $186 after its Q3 revenue beat driven by better margin and stronger growth in Europe in spite of the Brexit related concerns. The analyst adds that while the company also provided higher synergy targets, he is keeping his Market Perform rating on the stock with preference toward Visa (V), MasterCard (MA), and PayPal (PYPL) due to more attractive valuations.

GPN

Global Payments

$172.38

3.17 (1.87%)

V

Visa

$180.90

1.95 (1.09%)

MA

MasterCard

$279.02

1.96 (0.71%)

PYPL

PayPal

$104.98

0.92 (0.88%)

  • 13

    Nov

  • 21

    Nov

  • 10

    Dec

GPN Global Payments
$172.38

3.17 (1.87%)

10/14/19
10/14/19
INITIATION

Buy
Global Payments initiated with a Buy at UBS
As previously reported, UBS analyst Eric Wasserstrom initiated coverage of Global Payments with a Buy rating and $193 price target. The analyst believes that following the TSYS acquisition, Global Payments should sees 8%-9% revenue growth, and that the combination of revenue growth, mix, and cost synergies should create "significant margin expansion." These factors should drive positive EPS revisions and support revaluation of Global Payments shares.
10/30/19
JPMS
10/30/19
INITIATION
Target $198
JPMS
Overweight
Global Payments reinstated with an Overweight at JPMorgan
JPMorgan analyst Tien-tsin Huang reinstated coverage of Global Payments with an Overweight rating and December 2020 price target of $198 following a period of restriction. The firm had an Overweight rating and December 2019 price target of $151 prior to restriction. The analyst likes the TSS transaction, saying it Global Payments "valuable operational and financial scale, while reducing leverage."
10/30/19
10/30/19
INITIATION

Fly Intel: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Global Payments (GPN) reinstated with an Overweight at JPMorgan. 2. Gossamer Bio (GOSS) initiated with a Buy at Berenberg. 3. Health Catalyst (HCAT) initiated with an Overweight at Cantor Fitzgerald. 4. GW Pharmaceuticals (GWPH) initiated with a Buy at H.C. Wainwright while Sage Therapeutics (SAGE) was initiated with a Neutral. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/01/19
OPCO
11/01/19
NO CHANGE
Target $192
OPCO
Outperform
Global Payments price target raised to $192 from $178 at Oppenheimer
Oppenheimer analyst Glenn Greene raised his price target for Global Payments to $192 from $178 and reiterated an Outperform rating after the company's "solid" Q3 report, with included double digit organic constant currency revenue growth. Greene says shares remain "quite attractive."
V Visa
$180.90

1.95 (1.09%)

10/25/19
RAJA
10/25/19
NO CHANGE
Target $205
RAJA
Outperform
Visa price target raised to $205 from $193 at Raymond James
Raymond James analyst John Davis raised his price target for Visa to $205 from $193 and reiterated an Outperform rating following a "solid" Q4 print and "encouraging" initial 2020 guidance. Aside from the better top-line outlook, Davis tells investors in a research note that there were few surprises as Visa continues to execute and we expect the company to drive at least mid-teens earnings growth for the foreseeable future. He continues to recommend the stock and believes investors should take advantage of the recent rotation out of growth stocks and add to positions.
10/31/19
BMOC
10/31/19
NO CHANGE
Target $348
BMOC
Outperform
MasterCard price target raised to $348 from $328 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on MasterCard (MA) to $348 and kept his Outperform rating after its "broad-based" Q3 earnings beat. The analyst believes that the company can grow its revenue faster than previously expected given its exposure to fast-growing international markets, B2B payment flows, and cross-border volume, offsetting its indicated higher marketing spend. Fotheringham prefers Visa (V) to MasterCard however due to a relative valuation discount.
10/28/19
BMOC
10/28/19
NO CHANGE
Target $239
BMOC
Outperform
Visa price target raised to $239 from $231 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on Visa to $239 and kept his Outperform rating after its Q4 earnings beat and encouraging FY20 guidance driven by improved incentives, reduced operating costs, and lower assumed tax rate. The analyst further cites "encouraging" FY20 guidance, adding that the stock remains his top recommendation among U.S.financial technology, large-cap banks, specialty lenders, and asset manager companies. Fotheringham also raises his FY21 EPS view on Visa by 6c to $7.41.
10/25/19
JEFF
10/25/19
NO CHANGE
Target $210
JEFF
Buy
Visa setup attractive for 2020, says Jefferies
Visa reported a 3% earnings beat relative to consensus driven by top-line upside and a lower tax rate, Jefferies analyst Trevor Williams tells investors in a research note. The analyst views the company's fiscal 2020 guide as better than some feared and believes it implies continued momentum from the second half of 2019 through 2020. He continues to like the near-term setup for the shares and keeps a Buy rating on the name with a $210 price target.
MA MasterCard
$279.02

1.96 (0.71%)

09/13/19
RHCO
09/13/19
NO CHANGE
Target $325
RHCO
Buy
MasterCard price target raised to $325 from $310 at SunTrust
SunTrust analyst Andrew Jeffrey raised his price target on MasterCard (MA) to $325 and kept his Buy rating, saying he expects the company to maintain its 10% or more EBITDA premium relative to Visa (V) and PayPal (PYPL). The analyst believes that MasterCard has a more durable organic revenue growth and offers a "differentiated competitive strategy" with its Real-Time Payments, adding that its monetization can be bolstered further by B2B products, cross-border payments, bill payments, point-of-sale technology, and other initiatives.
10/01/19
ADAM
10/01/19
NO CHANGE
Target $118
ADAM
Buy
PayPal payment processor deal beats card networks to China, says Canaccord
Canaccord analyst Joseph Vafi said Paypal's (PYPL) disclosure of its controlling stake in Chinese payment player GoPay has material strategic implications longer term. The analyst notes the deal allowed PayPal to beat both Visa (V) and Mastercard (MA) into the Chinese market and could be a conduit to drive meaningful cross-border payments volume allowing it to continue to sustain mid 20% payment volume for the next several years. Vafi reiterated his Buy rating and $118 price target on PayPal shares.
09/16/19
MSCO
09/16/19
NO CHANGE
Target $315
MSCO
Overweight
MasterCard price target raised to $315 from $291 at Morgan Stanley
Morgan Stanley analyst James Faucette raised his price target on MasterCard shares to $315 from $291 following the company's Investment Community Meeting last week. The intra-quarter data shared by the company should ease some near-term macro concerns and the event left him feeling confident in "the key pillars" of his Overweight thesis, Faucette tells investors. MasterCard is also making notable progress on its longer term initiatives, which should support growth beyond the company's 3-year outlook, added Faucette.
PYPL PayPal
$104.98

0.92 (0.88%)

10/29/19
NOMU
10/29/19
NO CHANGE
Target $49
NOMU
Reduce
Square valuation 'lofty' and 'unsustainable,' says Nomura Instinet
Nomura Instinet analyst Bill Carcache keeps a Reduce rating on Square (SQ) with a $49 price target saying the company's valuation as "lofty" and "unsustainable." While certain elements of valuation are subjective, fundamentals don't support Square's premium, Carcache tells investors in a research note titled "Why SQ's Valuation Just Doesn't Square." He believes the company's growth rate is on the verge of falling below PayPal's (PYPL) despite the fact that PayPal is growing off of a base that is five-to-six times larger. In addition, while bulls will argue that growth will accelerate after Square invests the proceeds from the sale of Caviar, investors should be skeptical of companies "that are chasing growth at the expense of returns," contends Carcache.
10/24/19
MSCO
10/24/19
NO CHANGE
Target $129
MSCO
Overweight
PayPal Q3 a step towards allaying competition, macro fears, says Morgan Stanley
Morgan Stanley analyst James Faucette said PayPal's (PYPL) soft results in the first half of the year "fed fuel to the bear case" that ongoing growth of Apple Pay (AAPL) was starting to impact PayPal's growth, although he doesn't think that Apple Pay's on-line acceptance is high enough to have had much impact. Given a surge in transaction volumes, new accounts and positive moves on pricing, he views the company's Q3 results as "a step towards allaying fears related to competition and macro conditions," Faucette tells investors. He keeps an Overweight rating and $129 price target on PayPal shares.
10/24/19
CHLM
10/24/19
NO CHANGE
Target $120
CHLM
Buy
PayPal price target lowered to $120 from $140 at Craig-Hallum
Craig-Hallum analyst Bradley Berning lowered his price target for PayPal (PYPL) to $120 from $140 saying that while networking effect drives revenue flywheel and margin surprise, eBay (EBAY) is a temporary headwind to 2020/2021 pace of margin expansion. The analyst reiterates a Buy rating on PayPal's shares.
10/24/19
RHCO
10/24/19
NO CHANGE
Target $105
RHCO
Hold
PayPal price target lowered to $105 from $115 at SunTrust
SunTrust analyst Andrew Jeffrey lowered his price target on PayPal to $105 and kept his Hold rating after its Q3 results. The analyst notes that investors should cheer the high-teen revenue growth quarter and strong operating leverage, but he remains concerned about the company's long-term competitive position relative to next-generation "tech stacks" and given the emerging network e-commerce solutions. Jeffrey adds that PayPal's margin gains may be eroded as the company has "already benefited" from its efficiency initiatives.

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CMA

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SELB

Selecta Biosciences

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HAL

Halliburton

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0.15 (0.63%)

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BIG

Big Lots

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HOME

At Home Group

$6.03

-0.225 (-3.60%)

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LRCX

Lam Research

$307.98

2.1 (0.69%)

, MKSI

MKS Instruments

$114.80

-0.59 (-0.51%)

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$114.80

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TSM

TSMC

$58.58

-0.18 (-0.31%)

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DLTR

Dollar Tree

$91.57

0.495 (0.54%)

06:46
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CMA

Comerica

$68.62

0.37 (0.54%)

06:46
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Earnings
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HAL

Halliburton

$23.96

0.15 (0.63%)

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WPX

WPX Energy

$12.67

-0.105 (-0.82%)

06:45
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CAT

Caterpillar

$147.75

1.92 (1.32%)

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CDEV

Centennial Resource Development

$4.41

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EOG

EOG Resources

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EDU

New Oriental Education

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CSX

CSX

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QSR

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BBU

Brookfield Business Partners

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Viavi

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LPX

Louisiana-Pacific

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$0.00

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BK

BNY Mellon

06:38
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