Global Payments downgraded to Market Perform from Outperform at Raymond James

Raymond James analyst Madison Suhr downgraded Global Payments (GPN) to Market Perform from Outperform without a price target The firm does not see a catalyst to change investor perception and improve the stock’s valuation multiples over the near-term. Global Payments shares are not expensive, but this is warranted given the company’s “more modest” organic revenue growth in the mid-single digits and lower-quality earnings, the analyst tells investors in a research note.