Fly News Breaks for February 13, 2020
Feb 13, 2020 | 08:26 EDT
Wells Fargo analyst Timothy Willi raised his price target for Global Payments (GPN) to $225 from $190 after the company reported "solid" Q4 results and provided initial 2020 guidance that brackets his expectations. Given Global Payments' "strong" underlying momentum, balance sheet flexibility, and potential for further upside to cost saving and revenue synergy targets for the TSYS (TSS) acquisition, the analyst is increasingly confident in the company's ability to generate attractive EPS growth over the medium-term. He has an Overweight rating on Global Payments' shares.
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