Truist lowered the firm’s price target on Global Payments (GPN) to $84 from $90 and keeps a Hold rating on the shares as part of a broader research note updating the firm’s models on Payments names after their Q3 results. The firm is modeling lower assumptions for share repurchases as Global Payments awaits approval on the Issuer/Worldpay asset swap., the analyst tells investors in a research note.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GPN:
- Global Payments Announces $6.2 Billion Senior Notes Offering
- Global Payments: Strong Financial Performance and Strategic Growth Positioning
- Global Payments price target raised to $95 from $93 at RBC Capital
- Global Payments files automatic mixed securities shelf
- Global Payments Announces Acquisition of Worldpay Holdco