Baird Maintains Outperform on Global Payments, Lowers Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
Baird analyst David Koning maintains an Outperform rating on Global Payments (NYSE:GPN) but lowers the price target from $182 to $150.
May 02, 2024 | 11:07 am
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Baird maintains an Outperform rating on Global Payments but lowers the price target from $182 to $150.
While the Outperform rating suggests Baird's positive outlook on Global Payments' stock, the reduction in the price target could indicate a reassessment of the company's short-term growth prospects or market conditions. This mixed signal might lead to neutral short-term price movement as investors digest both the continued endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100