Global Payments downgraded to Sector Weight from Overweight at KeyBanc

KeyBanc analyst Andrew Schmidt downgraded Global Payments (GPN) to Sector Weight from Overweight without a price target following a transfer of coverage. The firm believes the Worldpay integration and the post-acquisition growth timelines may limit the stock’s gains in the near-term. KeyBanc looks for a better entry point as Global Payments’ transformation and Worldpay acquisition progress.