Fly News Breaks for February 13, 2020
Feb 13, 2020 | 07:14 EDT
SunTrust analyst Andrew Jeffrey raised his price target on Global Payments to $245 and kept his Buy rating after its Q4 earnings beat, saying the company looks like the "best-positioned large merged Payments entity" thanks to its pure-play status, local market acquiring capability, and vertically integrated software solutions. Jeffrey adds that Global Payments should continue to benefit from "ample" operating leverage, delivering 10% organic revenue and "superior" earnings/free cash flow growth.
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