As previously reported, Cantor Fitzgerald initiated coverage of Global Payments (GPN) with a Neutral rating and $80 price target The company has embarked on a “divest and refresh” strategy, selling off non-synergistic parts of the business and consolidating internal platforms to better serve customers, the analyst tells investors in a research note. Global Payments’ longer-term organic-growth algorithm will likely be lower than the company’s recent medium-term guidance, the firm added.
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