Global Payments price target lowered to $90 from $95 at TD Cowen

TD Cowen lowered the firm’s price target on Global Payments (GPN) to $90 from $95 and keeps a Hold rating on the shares. The firm adjusted targets in the payments group as part of Q4 preview. The companies start the new year on “mostly stable fundamental footing but largely suspect sentiment,” the analyst tells investors in a research note. TD does not expect the Q4 reports to be a “material catalysts for many.”