KeyBanc lowered the firm’s price target on Global Payments (GPN) to $80 from $145 and keeps an Overweight rating on the shares. The firm says that ahead of Q1 prints, it is tweaking its estimates and price targets across several names with greater consideration for the level of uncertainty around the balance of the year. KeyBanc does “not know what we don’t know, thus ‘cautious’ seems the prudent lens through which to look at our coverage universe.”
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